The nonpartisan Legislative Analyst’s Office has concluded that the California Sugar-Sweetened Beverages Tax Act of 2020, a ballot measure filed in July by CDA and the California Medical Association, would generate an estimated $2-3 billion annually from a statewide sales tax of 2 cents ($0.02) per ounce on sugar-sweetened beverages. Between $1.6 billion and $2.5 billion of that revenue would be dedicated exclusively to health care.
For more:
California Sugar-Sweetened Beverages Tax Initiative (2020) Initiative 18-0004
Soda tax initiative would generate billions for health care, LAO concludes
