GREEN SHEET REDIGEST
HB 28 2016 First Extraordinary Session Cox
(KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee
amendments)
TAX/ALCOHOLIC BEVERAGE: Reduces the amount of the discount for accurately
reporting and remitting excise taxes on alcoholic beverages and beer (Item #23)
DIGEST
Present law provides for the levy of an excise tax upon the sale of all beverages of high
alcoholic and low alcoholic content in Louisiana.
Present law authorizes a discount of 2% of the amount of tax due on beverages of low
alcoholic content in order to encourage accurate reporting and timely remittance of the taxes
due on beverages of low alcoholic content. Further provides a discount of 3-a% of the
amount of tax due on beverages of high alcoholic content in order to encourage accurate
reporting and timely remittance of the taxes due on beverages of low alcoholic content.
Proposed law reduces the discount from 2% of the amount of the tax due to 1.5% of the
amount of the tax due for the accurate reporting and timely remittance of taxes on beverages
of low alcoholic content. Additionally, reduces the discount from 3-a% of the amount of
the tax due to 2.5% of the amount of tax due for the accurate reporting and timely remittance
of taxes due on beverages of high alcoholic content.
Effective April 1, 2016.
(Amends R.S. 26:345 and 354(D))
Summary of Amendments Adopted by House
The House Floor Amendments to the engrossed bill:
1. Change the amount of the discount for beverages of low alcoholic content from
1% to .5%.
2 Change the amount of the discount for beverages of high alcoholic content from
1 2/3% to .835%.
3. Change the effective date from signature of the governor to April 1, 2016.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs
to the reengrossed bill
1. Change the amount of the discount for beverages of low alcoholic content from
.5% to 1.5%.
2. Change the amount of the discount for beverages of high alcoholic content from
.835%. to 2.5%.
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Prepared by James Benton.