Seattle To Implement New Sugary Beverage Tax On New Year’s Day.

reports Seattle, Washington’s tax on sugary drinks – a levy of 1.75 cents per fluid ounce the city enacted in June – will go into effect on New Year’s Day. Products such as diet beverages and “sweetened products from certified manufacturers with annual worldwide gross revenue of $2 million or less” have been exempted from the tax. While supporters assert the tax will reduce consumption of beverages with little nutritional value and which have been associated with obesity, opponents, including business and labor groups, argue it would adversely impact small businesses and employment. https://www.usatoday.com/story/money/2017/12/27/seattles-new-tax-sugary-drinks-kicks-new-years-day/984673001/