NEW YORK (CBSNewYork) — Lawmakers are looking to help beer brewers in New York and keep the price of a cold one down.
The industry faces the loss of a state excise tax credit following a recent court decision.
1010 WINS’ John Montone reports
Sen. Charles Schumer said a brewer that produces 100,000 barrels of beer a year could see a cost increase of close to half a million dollars because of the decision. That could also result in an increased cost passed on to beer drinkers.
“We tax alcohol, we tax beer and if you’re Budweiser, that’s one thing, but if you’re a small-craft brewery the heavy load of taxation shouldn’t be on your back,” Schumer said.
Schumer is sponsoring the Brewers Employment and Excise Tax Relief bill, also known as the Federal Beer Act, which would cut federal taxes in half to make up for increased amounts in state taxes.
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