Gov. Cuomo recently announced that he has signed into law a bill to support New York’s craft beer and wine industries. Given the importance of these industries to Upstate communities, this is very good news.
Last March, a state court ruled that tax exemptions given to in-state brewers were not permitted because they were not also provided to out-of-state brewers. As a result, New York’s small brewers would have been required to pay 14 cents in state tax per gallon in addition to 12 cents per gallon tax for beer sold in New York City.
The new law protects the tax benefit for small breweries that produce beer in New York, exempts breweries that produce small batches of beer from paying a $150 annual State Liquor Authority fee, and creates a Farm Brewery license that will allow craft brewers to expand their operations through opening restaurants or selling new products.
Gov. Cuomo said:
“In addition to producing some of the finest beer in the world, New York’s craft breweries are creating jobs, supporting our state’s farmers and hops growers, as well as bringing in tourism dollars in local communities across New York. The legislation signed today demonstrates that the new New York is truly working for small business, as this law will allow breweries and wineries the opportunity to invest in new opportunities and expand their operations.”