DE Breweries Could Benefit From US Senate Bill - 47 ABC - Delmarva's Choice

DE Breweries Could Benefit From US Senate Bill

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DOVER, Del. (AP) - U.S. Sens. Tom Carper and Chris Coons are co-sponsoring legislation to help small breweries.
    
The bill introduced in Congress on Thursday would reduce the excise tax on each barrel of beer made by small brewers.
    
Under current law, brewers generally pay an $18 excise tax on each barrel brewed.  Small brewers, currently defined as those producing fewer than 2 million barrels a year, pay an excise tax of $7 per barrel for the first 60,000 barrels.
    
The new legislation would reduce the excise tax for brewers producing up to 6 million barrels per year to $3.50 on the first 60,000 barrels, and $16 on additional barrels below 2 million per year.
    
Delaware breweries that might benefit if the bill becomes law include Dogfish Head, Twin Lakes, Iron Hill and Fordham.

 

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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