Thursday, July 19, 2012

Governor Cuomo signs law in Utica to help small craft brewers

Governor Andrew Cuomo came to the F.X. Matt Brewery Wednesday to sign legislation to help out small craft brewers.

The legislation is designed to support New York's breweries and wineries, increase demand for locally grown farm products, and expand industry-related economic development and tourism.

It protects an important tax benefit for small breweries that produce beer in New York, exempts breweries that produce small batches of beer (regardless of location) from paying an annual State Liquor Authority fee, and creates a Farm Brewery license that will allow craft brewers to expand their operations through opening restaurants or selling new products.

"In addition to producing some of the finest beer in the world, New York's craft breweries are creating jobs, supporting our state's farmers and hops growers, as well as bringing in tourism dollars in local communities across New York," Governor Cuomo said. "The legislation signed today demonstrates that the new New York is truly working for small business, as this law will allow breweries and wineries the opportunity to invest in new opportunities and expand their operations. I commend the bill sponsors and legislative leaders for their work on this important law."

The new legislation includes the following benefits:

Protects a Vital Tax Benefit for New York State's Breweries.

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