New York craft breweries will be able to keep a tax break after newly passed legislation reversed a plan to have breweries pay up to 26 cents per gallon for beer sold in both the city and state. The bill, signed by Governor Andrew Cuomo this month, will allow for both in and out of state brewers to avoid paying the annual state fee for liquor.
The bill also includes a portion for farm breweries. This part of the legislation will allow farm breweries to make beer using 20% state grown ingredients and 20% locally harvest hops until 2018.
In a state that makes $200 million a year in the craft brewing industry and is home to more than 90 breweries, the new tax break will be sure to continue boosting job creation, tourism and the local economy.