NY Lawmakers Expected to Pass Craft Tax Credits and More

Dear Client: Monday we reported the New York State Brewers Association push for the immediate passage of SB 7344 and Assembly Bill 10181, tantamount to a Beer Production Tax Credit. That would allow New York's craft breweries "to remain competitive" by utilizing a tax credit of 14 cents per gallon of beer produced in the state for the first 200,000 barrels of beer. It answered recently nixed craft brewer tax exemptions in the state. Then last night, the AP ran