US Craft Brewers Seek Tax Break
on 02/04/13 at 8:23 amIndustry
Craft brewers in the US are lobbying the Federal Government for a tax break but so are the larger brewers.
The “Small Brewer Reinvestment and Expanding Workforce Act” of “Small BREW Act” seeks to reduce the tax paid on the first 60,000 barrels from US$7 to $3.50 and on the all following 31 gallon barrels from $18 to $16.
As reported by the New York Times, currently brewers pay $7 in tax on the first 60,000 barrels, and then $18 for every barrel after that.
However, the craft brewers argue that only around 100 of them in the whole country produce more than 15,000 barrels a year – compared to the likes of AB InBev, which produces close to 98.5 million.