A bill to amend the Internal Revenue Code of 1954 to impose a retailers excise tax on certain nonreturnable bottles and cans, and to provide that the collections of such tax shall be paid over to the municipalities in which such bottles or cans were sold.

Imposes a retailers excise tax under the Internal Revenue Code of 1954 on certain nonreturnable bottles and cans, and provides that the collection of such tax shall be paid over to the municipalities in which such bottles or cans were sold.

Sets an excise tax of 10 cents on containers of less than 20 ounce capacity, and of 25 cents on containers of 20 ounce capacity or greater. (Adds 26 U.S.C. 4001)