Cheaper soda? Tax repeal considered in Colo.
DENVER — Coke, Pepsi and other soft drinks could get a bit cheaper in Colorado under a Republican proposal to repeal sales taxes on soda.
Coloradans began paying a 2.9 percent sales taxes on sodas last year, when lawmakers looking for ways to raise money and confront obesity imposed a levy soft drinks and candy. Before, the often-sugary items were exempt from state sales taxes, as most other food is.
A Republican proposal before a House committee on Wednesday takes aim at the soda tax but leaves the candy tax in place. Rep. David Balmer of Colorado Springs says his bill will help struggling families save a few pennies at the grocery store. Opponents point out that the tax repeal would cost Colorado an estimated $12.3 million next year.