Tennessee HB0521 amends beverage tax rates and allocations for litter prevention and recycling programs.

Tennessee HB0521 revises the taxation of certain beverages in Tennessee. It imposes a special privilege tax of $2.00 per barrel on stored, sold, distributed, or manufactured beverages. The bill reduces the tax rate by 50 cents if a state or federal law imposes mandatory deposits on beverage containers, or by July 1, 2028. It allocates 0.5% of the tax revenue to the highway fund for litter prevention and collection programs and 0.4% to recycling grants for material recycling programs. The bill also mandates annual reports on these funds to the governor and legislative leaders.

Tennessee HB0521 amends beverage tax rates and allocations for litter prevention and recycling programs.

Tennessee HB0521 revises the taxation of certain beverages in Tennessee. It imposes a special privilege tax of $2.00 per barrel on stored, sold, distributed, or manufactured beverages. The bill reduces the tax rate by 50 cents if a state or federal law imposes mandatory deposits on beverage containers, or by July 1, 2028. It allocates 0.5% of the tax revenue to the highway fund for litter prevention and collection programs and 0.4% to recycling grants for material recycling programs. The bill also mandates annual reports on these funds to the governor and legislative leaders.