House Bill Seeks Nationwide Tax On Soda

Law360, New York (July 30, 2014, 2:50 PM ET) — U.S. Congresswoman Rosa DeLauro, D-Conn., on Wednesday introduced a proposed tax on sodas and sugary beverages, a move poised to reignite a debate on the efficacy of these types of measures that have largely been non-starters at the state and local level.

The SWEET Act, as it is being referred to by DeLauro, would impose a tax of 1 cent per teaspoon of caloric sweetener — like sugar or high-fructose corn syrup — that is used in beverages. Revenues from the proposed tax would be used…

Source: Law360

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