<p>On January 1, Seattle&#8217;s &#8220;sweetened beverage tax&#8221; (<a href="http://seattle.legistar.com/View.ashx?M=F&amp;ID=5246235&amp;GUID=FA389302-A085-4AC7-8AB1-60F41C4B4DD0&#8203;">CB 118965</a>) went into effect. The ordinance places a tax of $0.0175 per ounce on sugary beverages like soda, sports drinks, iced teas, and &#8220;other products with added caloric sweeteners.&#8221;</p>
<p>There are minor exceptions. If a business earns a &#8220;worldwide gross income&#8221; between $2 million and $5 million annually, they will be charged only $0.01 per ounce. Additionally, some drinks are exempt from the tax. Beverages &#8220;consisting of 100 percent natural fruit or vegetable juice with no added sweetener,&#8221; beverages containing fewer than 40 calories per 12-ounces, and diet beverages enhanced with zero-calorie artificial sweeteners, will not face the tax, according to <a href="http://clerk.seattle.gov/~scripts/nph-brs.exe?s1=5-953.NUM.&amp;l=20&amp;Sect6=HITOFF&amp;Sect5=BTXN1&amp;d=BTXN&amp;p=1&amp;u=/~finance/btxn1.htm&amp;r=1&amp;f=G">Seattle.gov</a>.</p>

Seattle’s New ‘Sweetened Beverage Tax’ Causes Prices To Skyrocket

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Seattle’s New ‘Sweetened Beverage Tax’ Causes Prices To Skyrocket