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Philadelphia Mayor signs 'soda tax' into law, beverage industry plans to challenge

Philadelphia Mayor signs 'soda tax' into law (CNN NEWSOURCE)

Philadelphia Mayor Jim Kenney signed the so-called "soda tax" into law Monday.

The law adds a one-and-half cents tax per ounce to any sweetened beverage, including diet drinks, CNN reports.

The tax rounds out to about 18 cents per can.

This tax comes on top of the eight percent sales tax already applied to soda beverages in Pennsylvania.

CNN says the new tax will go into effect on January 1, 2017, and is estimated to bring in $91 million per year.

Those funds are said to go toward expanding Pre-K across the city.

CNN says the beverage industry says the tax is "unconstitutional" and plans to challenge it in court.

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