Imposes an excise tax on sugary drinks

This bill imposes a per-ounce tax on sugary drinks based on their sugar content: no tax for drinks with ≤7.5g sugar per 12oz, 1¢ per ounce for 7.5-30g sugar, and 2¢ per ounce for ≥30g sugar. It applies to distributors (manufacturers, wholesalers) and retailers selling these drinks, but exempts medical beverages, milk, natural fruit/vegetable juices, and water. Revenue from the tax funds a new community health equity fund. The tax rate adjusts annually for inflation, and retailers must collect it at checkout if distributors haven’t already paid it.