Press-Republican

Local News

September 7, 2013

Schumer, Owens tout tax cuts for small breweries

(Continued)

LAKE PLACID —

With bipartisan support in the Senate as well, both he and Schumer believe this version of the measure has a shot at becoming law.

It will likely move through both houses as part of a larger piece of legislation, Schumer said, once Congress gets back to work later this fall. 

If adopted in the coming session, the Small BREW Act could become law as early as next year.

“We’d like to see that if we could,” the senator said.

BIG SMALL-BUSINESS

Ericson, who is also former chairman of the Regional Office of Sustainable Tourism (ROOST), said 132 craft breweries currently operate in New York state.

ROOST President and CEO Jim McKenna lifted a capped bottle of Ubu Ale and called attention to the Lake Placid Pub & Brewery label, emblazoned with a red Adirondack chair.

“There are 12 million of these bottles out in the marketplace,” he said. “It all reinforces what the senator alluded to — they all identify the Adirondacks.”

The Small BREW Act would also cut federal excise taxes by $2 per barrel for larger brewers after 1,940,000 barrels are produced.

Any brewery making fewer than 6 million barrels of beer per year would be eligible.

DIFFERENCES

Schumer Press Secretary Meredith Kelley elaborated on the difference between Small BREW Act and the still-pending BEER Act.

“The Small BREW Act of 2013 is very similar to the old BEER Act you may have heard of in the past, which has not yet passed,” Kelley explained via email.

“But it’s not the same as the current BEER Act, which gives an excise tax break to big producers as well as small/craft producers. Our bill only gives (excise tax breaks) to small/craft brewers.”

It is currently in the Senate Committee on Finance and in the House Committee on Ways and Means.

Text Only | Photo Reprints
Local News

North Country Scenes


Click on photo to view gallery with latest photos

FYI...