Reduction in taxation act.25LSO-0453, 1.0
HB0124
FISCAL NOTE
FY 2026FY 2027FY 2028NON-ADMINISTRATIVE IMPACTAnticipated Revenue (decrease)GENERAL FUND($247,917)($247,991)($248,065)
Source of revenue (decrease):
This bill repeals the excise tax on malt beverages.
Assumptions:
This estimate was provided by the Department of Revenue’s Liquor Division.
The excise tax collected on malt beverages in FY 2024 was $247,768.
Based on a seven-year average, malt beverage excise taxes have increased 0.03
percent per year. The FY 2026 through FY 2028 estimates in the table above are
projected with an annual increase of 0.03 percent. If this bill passes these malt
beverage taxes will not be collected.
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Thomas Montoya, Department of Revenue, 777-6448)