Florida has repealed its “by-the-drink” tax on alcoholic beverages at all on-premises serving locations, including restaurants, bars, taverns, and hotels.
“The ‘by-the-drink’ tax combined two of the very worst characteristics of onerous taxes” says state Rep. Fred Brummer. “It generated small amounts of revenue but was costly for business and government to administer.” State Sen. Mike Fasano says the additional alcohol tax “was costing the taxpayers more to collect and process the paperwork” that it was generating in revenue.
Research suggests that the tax repeal could generate more than $30 million in new economic activity and create hundreds of new jobs.
North Carolina is now the only state that still imposes the tax.
Filed Under: Economics