Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives
You are here: Home >news >Maine Eyes Tax on Groundwater for Bottling

Maine Eyes Tax on Groundwater for Bottling

2019-04-17 foodprocessing

Tag: Tax Maine Groundwater

Share       

       Legislators in Maine are considering an “extraction tax” for underground water that seems to be aimed squarely at Nestlé Waters.

       The proposed legislation would levy a tax of 12 cents per gallon on any company that extracts more than 1.5 million gallons of water per year from underground for commercial bottling purposes. Currently it would apply only to Nestlé, which extracts nearly a billion gallons a year from 10 different sites for its Poland Spring brand.

       The tax would yield more than $100 million a year, according to supporters’ estimates. The money would be used for municipal broadband internet access, college tuition grants and possibly other purposes.

       Neither Maine nor any other location now charges extraction fees for underground water. Supporters contend that it’s unfair for companies, especially those operating mostly outside Maine, to profit from the state’s groundwater for free. Opponents argue that Maine groundwater is plentiful, that some farms extract more than Nestlé, and that the tax would discourage outside investment in the state.

       A committee on tax matters held a hearing on the measure last month, but no further action has been taken.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121  沪公网安备31010402001403号

Inquiry Basket

Inquiry Basket

Buyer service

Buyer service

Supplier service

Supplier service

Top

Top