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Sen. Schumer Pushing Tax Cuts for Small Breweries.

by | Dec 3, 2013 | alcohol beverage law

New York Senator Charles Schumer announced that he is introducing legislation that will cut the excise tax on small breweries in half. Currently, brewers pay a $7 excise tax for the first 60,000 barrels they brew per year. Under the Small BREW (Brewer Reinvestment and Expanding Workforce) Act of 2013 , that rate is reduced to $3.50 per barrel, resulting in potential savings of $210,000 per year for that brewery. The bill also cuts the tax by $2 on the next 1,940,000 barrels produced, resulting in potential savings of $3,880,000 each year.

The question remains whether a similar bill will be introduced to reduce excise tax for craft spirit producers.

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