Revenue Class: Intergovernmental Revenue
Account No.: 33530
Description: State tax on the manufacture, sale, and transportation of beer, of which the municipalities receive a share of 10.05 percent of the total taxes, distributed based on population.
Authorization: T.C.A. § 57-5-201 et seq.
Requirements or Restrictions: None.
Current Rate: $4.29 per 31-gallon barrel; returns are based upon population. Revenue generated from the increase from $3.40 to $3.90 is allocated to the state highway fund
Frequency of Payment: Semi-annually.
Late Pay Penalty: 10 percent interest and penalty is collected by the state. T.C.A. § 57-5-204.
Exemptions: Beer and ale sold for consumption at U.S. military installations.
Collection: State forwards municipality’s share semi-annually.
Use Restrictions: None