Taxes, Privilege - As introduced, reduces the rate of tax on bottled soft drinks and barrels of beer; changes the distribution of the revenue from such taxes; provides for the eventual repeal of such taxes. - Amends TCA Title 57, Chapter 5 and Title 67, Chapter 4.

SB 574 reduces the tax on beer from $4.29 to $2.00 per barrel and modifies how revenue from soft drink taxes (currently 0.9% of gross receipts) is allocated. It directs 50% of soft drink tax revenue to highway litter prevention programs and 40% to recycling grants for materials like aluminum and plastic. The bill requires annual reports on fund usage and sets a sunset provision: both taxes will end by July 1, 2028, or upon enactment of mandatory beverage container deposit laws, whichever comes first. This bill directly affects beer and soft drink manufacturers, distributors, and state agencies managing litter and recycling programs.