Today's Tonawanda News reports the following....
...brewers in New York state could be in for some rough financial waters. Due to the loss of a tax exemption earlier this year, many brewers will see a jump in state taxes. Some could see a tax increase ranging from $10,000 for the smallest brewers to $1 million for the larger ones.
Oscar Vizcarra, owner of Vizcarra Vineyards and Becker Farms in Gasport, which includes Becker Brewing Co., said the loss of the exemption hurts. He estimated the effect on the Becker brewery would be around $20,000.
“That’s someone’s job or a major piece of equipment,” Vizcarra said. “It affects the bottom line.”
...brewers in New York state could be in for some rough financial waters. Due to the loss of a tax exemption earlier this year, many brewers will see a jump in state taxes. Some could see a tax increase ranging from $10,000 for the smallest brewers to $1 million for the larger ones.
Oscar Vizcarra, owner of Vizcarra Vineyards and Becker Farms in Gasport, which includes Becker Brewing Co., said the loss of the exemption hurts. He estimated the effect on the Becker brewery would be around $20,000.
“That’s someone’s job or a major piece of equipment,” Vizcarra said. “It affects the bottom line.”
Read the article -- about what has happened and what could happen with this tax -- online at:
http://tonawanda-news.com/local/x1595586103/Tax-is-what-ales-brewers
