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Latest Taxpayer's Tab: Bag Tax
April 26, 2013
In this week's edition of the Taxpayer's Tab, NTUF analyzed a handful of new bills we've scored as part of the BillTally research project, including a new tax on disposable bags introduced by Congressman Jim Moran (D-VA).
H.R. 1686 was introduced the day after Earth Day, and would institute a five-cent tax on all disposable bags issued during retail sales. Businesses would be responsible for picking up the tab, and the tax revenue raised would go into a new Land and Water Conservation Fund to be used for environmental projects. Part of the revenue would also go towards tax credit payments to businesses that participate in certain recycling programs. Based on data concerning yearly disposable bag use from Rep. Moran's office, NTUF estimated the bill would cost at least $4.08 billion in the first year.
Also featured this week:
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