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• Beer money: Schumer pushing microbrewer aid

02 Mar

U.S. Senator Charles Schumer (D-NY) got plenty of coverage by the Upstate news media when he recently visited a variety of breweries to see the facilities and announce plans to introduce legislation that would benefit small brewers.

Among his stops were Brown’s Brewing in Troy, Ithaca Brewing in Ithaca and Empire Brewery in Syracuse. What that means is that his statements have more import than one might think since they weren’t crafted to address just one small part of his constituency.

During each stop, Schumer announced he and Senate colleagues plan to introduce the Brewers Excise and Economic Relief (BEER) Act, that would reduce the excise tax for small breweries. They now pay $7 per barrel for the first 60,000 barrels they brew per year. If the BEER Act passes both houses of Congress and is signed by the president, that tax would be cut to $3.50 per barrel. On the next 1,940,000 barrels produced, the tax will be cut by $2 per barrel.

Schumer’s office estimates that would save New York’s small brewers nearly $3.9 million each year.

“Small breweries throughout upstate New York not only brew great beer, they also create great jobs,” Schumer said in a statement. “By cutting taxes for these small businesses, we can help grow the economy and put more New Yorkers back to work in stable, good-paying jobs.”

This would be the second consecutive year such legislation will be introduced.

Check out my New York Drinks Events Calendar, the most comprehensive you’ll find anywhere.

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Posted by on March 2, 2011 in Brewery, Legislation/Regulation

 

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