A San Antonio lawmaker has introduced a bill that would levy a penny per ounce tax on caloric sweet drinks sold in the state of Texas.
State Rep. Joe Farias filed HB 779 which would impose a $0.01 tax on each of ounce of sweetened beverages, sweetened beverage powder product and sweetened beverage syrup.
The penalty for not paying the tax on time is deemed a Class C misdemeanor and will equal 50 percent of the amount of the delinquent tax. For example, if a retailer sold 100 ounces of sweetened beverage and failed to pay the $1.00 tax, that retailer would owe to the comptroller a total of $1.50.
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NO MORE TAXES!
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Doesn't sound like too much except that it's a penny an ounce...32 ounces is 32 cents. If the penny is done away with, will all these 1 cent taxes be done away with as well. Don't we all wish?
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