Bill would give small brewers a break
US Senator John Kerry says he wants to give the country’s 1,500 small beer makers a tax break.
Kerry introduced a bill in the Senate yesterday that would reduce the excise tax for small breweries from $7 to $3.50 per barrel for the first 60,000 barrels of beer produced each year.
For every additional barrel up to 2 million, the bill would lower the excise tax from $18 to $16.
Massachusetts is home to 40 small beer manufacturers including Sam Adams.
Republican Senators Mike Crapo of Idaho and Olympia Snowe of Maine are among the bill’s cosponsors.
Representatives Richard Neal, Democrat of Massachusetts, and Kevin Brady, Republican of Texas, introduced the bill in the House in December.
The small brewer tax rate hasn’t been updated since 1976.