Carbonated beverage syrup previously taxed

From the 2024 DOR Tax Exemption Study

82.64.030(1) - Carbonated beverage syrup previously taxed Description Successive sales of syrup used to produce carbonated beverages are exempt from the syrup tax if the syrup was previously taxed. Purpose To avoid the pyramiding of the tax. This exemption assures the tax will apply only once to any particular gallon of syrup. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Minimal Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions Taxpayers paying the tax use most of the syrup, so the taxpayer savings are minimal. Data Sources There is no data on successive sales of previously taxed syrup. Additional Additional Information Information Category: Tax base Year Enacted: 1989 Primary Beneficiaries: Carbonated beverage retailers and wholesalers who use syrup Taxpayer Count: Unknown Program Inconsistency: None evident JLARC Review: Expedited review completed in 2012 and 2022 2024 Tax Exemption