A new state tax on your Coke or Gatorade?

According to Illinois Statehouse News:


By Andrew Thomason

Illinois Statehouse News

SPRINGFIELD — If every man, woman and child in Illinois were to drink 18 ounces of sugary beverages each day, state coffers could get an additional $1.4 billion.

new study by the Cook County Department of Public Health said Illinoisans are set to drink 6.6 billion, 12-ounce cans of soda, sports drinks and other sugary beverages in 2011.

That could mean big bucks for the state if lawmakers were to enact a 2-cents per ounce tax. The tax would be levied on regular soda, diet soda and other sugar-sweetened drinks. A standard 12-ounce can of soda would cost 24 cents more under the proposed tax.  The study also suggested that the state and private employers would save at least $200 million in health-care costs by imposing the tax.



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