Taxes, Alcoholic Beverages - As introduced, deletes an obsolete provision relating to a tax credit for beer or ale that was destroyed in a flood occurring between May 1, 2010, and May 8, 2010. - Amends TCA Title 57 and Title 67.

SB 994 removes an outdated tax credit provision in Tennessee law that previously allowed businesses to claim credits for beer or ale destroyed in a specific May 2010 flood. The bill deletes Tennessee Code Annotated section 67-4-114, which related to this expired credit for flood-damaged alcoholic beverages. This change affects no current taxpayers, as the credit window (May 1-8, 2010) and the provision itself are obsolete. The bill makes no new policy changes but updates the code to eliminate redundant language. It has been introduced and referred to the Senate committee for further review.