DIGEST OF INTRODUCED BILL
Excise tax on bottled water. Establishes a bottled water excise tax of $0.02 per liter on sales of bottled water in Indiana. Requires the department of state revenue to deposit the excise taxes collected into the clean water Indiana fund to be used for leveraging matching funds from private and federal sources for available land and soil conservation, water quality, or agricultural programs. Appropriates to the clean water Indiana fund, to be allocated in specified amounts for various leveraging purposes, a total of $12,000,000, less the total amount of bottled water excise taxes collected for the period, from the state general fund for the period beginning January 1, 2004, and ending June 30, 2004.