ALBANY - State lawmakers are trying to give the fat tax new life.
Senate Democrats want to impose a penny excise tax on non-diet sodas to help fund a plan to provide property tax relief to homeowners.
"It's a small amount of money, as far as increasing the price of soda, and it would allow the governor and the state to have a new slogan for soda: 'Have a coke, a rebate check and a smile,'" said state Sen. Jeff Klein (D-Bronx) who unveiled the plan yesterday.
Klein said the soda tax would generate $100 million annually, with 80% of the money dedicated toward reviving the state's $1.5 billion STAR Property Tax Rebate program.
So, if they are planning to give most of the money back, what is the point of taxing in the first place???
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