Originally published December 1, 2010 at 9:11 PM | Page modified December 1, 2010 at 9:11 PM

Candy, soda tax expires Thursday

Taxes on candy and bottled water and an excise tax on carbonated beverages end Thursday, the result of voter approval of Initiative 1107 in November.

By Seattle Times staff

Taxes on candy and bottled water and an excise tax on carbonated beverages end Thursday, the result of voter approval of Initiative 1107 in November.

Voters rejected the tax, which was imposed last year by the Legislature to help plug a $2.8 billion hole in the state budget.

The taxes were projected to generate $101.2 million for the remainder of the current biennium, which ends next July, and $216.8 million in the next biennium.

The initiative passed handily, with more than 62 percent support.

Last month state officials said the state is expected to take in $1.2 billion less in tax revenue than previously thought between now and June 2013.

The bleak forecast means the state will have to cut $385 million more from the budget for the current fiscal year, which runs through next June — on top of a $520 million across-the-board cut the governor ordered in September.

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