Tax Relief On Tap?
By: Jeff Saperstone
Updated: July 6, 2012
NEW BRITAIN, CONNECTICUT -- A bill is brewing in washington which could help businesses across the country.
If approved, a tax on microbreweries could be slashed in half.
Senator Richard Blumenthal is proposing a bill that would cut the excise tax in half for small breweries.
Breweries that sell fewer than 60,000 barrels of beer a year would be eligible.
"It's a win-win for beer drinkers, beer producers, our economy and people who work in these kinds of establishments," Blumenthal says.
Bloomfield, Connecticut's Hooker Brewery predict they could save $40-50,000, and that comes at a perfect time because they're looking into building a new brewery.
"Which could mean a couple new employees, equipment," says Hooker's Curt Cameron.
Blumenthal, a non-drinker, is pushing the bipartisan bill because he says it will help more than 20 small breweries around Connecticut.
If approved, a tax on microbreweries could be slashed in half.
Senator Richard Blumenthal is proposing a bill that would cut the excise tax in half for small breweries.
Breweries that sell fewer than 60,000 barrels of beer a year would be eligible.
"It's a win-win for beer drinkers, beer producers, our economy and people who work in these kinds of establishments," Blumenthal says.
Bloomfield, Connecticut's Hooker Brewery predict they could save $40-50,000, and that comes at a perfect time because they're looking into building a new brewery.
"Which could mean a couple new employees, equipment," says Hooker's Curt Cameron.
Blumenthal, a non-drinker, is pushing the bipartisan bill because he says it will help more than 20 small breweries around Connecticut.
