The bill amends the beer barrel tax regulations in Iowa by introducing new definitions and adjusting the tax rates for different types of beer. It defines "American brewery" as the land and buildings in the U.S. where beer is manufactured and stored, and "foreign import beer" as beer manufactured and imported from outside the U.S. The bill establishes a tax of $1.86 for every 31-gallon barrel of beer produced in an American brewery and maintains a tax of $5.89 for every 31-gallon barrel of foreign import beer.

Additionally, the bill clarifies that the tax applies to all beer manufactured for sale or sold at wholesale in Iowa, as well as beer imported for sale at wholesale. It specifies that no tax will be levied on beer shipped outside the state or on beer sold between class A and special class A permittees. This change aims to differentiate the tax rates based on the origin of the beer, potentially encouraging the consumption of domestically produced beer.

Statutes affected:
Introduced: 123.3, 123.136