There is hereby levied on all low-point beer containing more than one-half of one percent (1/2 of 1%) of alcohol measured by volume and not more than three and two-tenths percent (3.2%) of alcohol measured by weight which are manufactured and sold, or removed for consumption or sale, within this state a tax of Eleven Dollars and twenty-five cents ($11.25) for every barrel containing not more than thirty-one (31) gallons, and at a like rate of tax for any other quantities or for a fractional part of a barrel.

Each wholesaler making reports and remittances to the Tax Commission shall be allowed the sum of one percent (1%) of the tax remittances collected for maintaining and collecting said tax for the benefit of this state.

Machinery and equipment directly used in the manufacture within this state of low-point beer taxed pursuant to the provisions of this section shall be exempt from taxation under any other law of this state levying a sales or consumers or use tax.

Laws 1947, HB 254, c. 2, § 3; Amended by Laws 1949, HB 133, c. 2, § 1; Amended by Laws 1951, HB 128, c. 2, § 1; Amended by Laws 1953, HB 658, c. 2a, § 1; Amended by Laws 1984, HB 1325, c. 153, § 1, emerg. eff. April 21, 1984; Amended by Laws 1987, HB 1061, c. 113, § 1, emerg. eff. June 1, 1987; Amended by Laws 1995, SB 129, c. 274, § 10, eff. November 1, 1995.