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SWEETENED BEVERAGES TO BE TAXED - 04/24/13 23:41 S.S.

THE  MONEY  THAT  IS  RAISED  (BY  A  NEWLY  APPROVED  TAX  ON SWEETENED  BEVERAGES)  IS  DESIGNED  TO  BE  USED  TO HELP  PREVENT  CHILDHOOD  OBESITY.    LOCAL  SENATOR  BILL  MONNING’s SENATE  BILL- 622, WHICH  WAS  APPROVED 5-2 BY THE STATE  GOVERNANCE  AND  FINANCE  COMMITTEE THIS  WEEK,  CREATES  A  1-CENT-PER-FLUID-OUNCE  EXCISE  TAX  ON  SPECIFIC  BEVERAGES  THAT  HAVE  A  HIGH  LEVEL  OF  CALORIC  SWEETENERS.     THOSE  DRINKS  INCLUDE  MANY  ENERGY  DRINKSSODAS,   SWEET  TEAS,  AND  SPORTS  DRINKS.

THE  MONEY  RAISED  BY  THIS TAX  IS  SLATED  TO GO  INTO  THE  NEWLY  CREATED  CHILDREN’S  HEALTH  PROMOTION  FUND.

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