TO: | Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB2582 by Murphy (Relating to the repeal of the partial tax exemption for certain beer.), As Introduced |
The bill would repeal Section 203.08 of the Alcoholic Beverage Code, which allows a 25 percent exemption from the $6 per barrel beer excise tax on beer for beer produced in Texas by manufacturers whose annual production is less than 75,000 barrels.
The revenue loss to the state from Texas beer manufacturers qualifying for this exemption is not expected to be significant.
The bill would take effect September 1, 2011.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, KK, SD, AG
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