WATKINS GLEN, N.Y. — Sen. Charles Schumer says cutting the excise tax on small breweries will help them grow their businesses, hire new employees and revitalize communities.
Schumer is slated to be in Watkins Glen Monday afternoon to visit Rooster Fish Brewing and talk about the Small BREW Act of 2013. The legislation would cut the excise tax on small breweries in half, from $7 to $3.50 per barrel for the first 60,000 barrels they brew per year.
Rooster Fish is one of New York’s first “Farm Breweries” which means they use 20 percent local products in their blends. Rooster Fish expects to produce 1,500 barrels of beer in 2013. It employs about 50 people.
Schumer says the proposed tax cut would save the brewery more than $5,250 per year based on this year’s production.
Source: Associated Press/Wall Street Journal