Big wigs in Washington are standing up for small brewers. Again.
The Brewers Association, a trade organization that represents the interests of small American breweries, announced its backing of a reintroduction of a bill that seeks to adjust tax rates that small brewers pay on each barrel of beer they produce.
H.R. 494, known as the Small Brewers Reinvestment and Expanding Workforce Act (Small BREW Act), was reintroduced in the U.S. House of Representatives by Representatives Jim Gerlach (R-Pa.) and Richard E. Neal (D-Mass.).
“Under current federal law, brewers making less than 2 million barrels annually pay $7 per barrel on the first 60,000 barrels they brew, and $18 per barrel on every barrel thereafter,” according to a Feb. 7 Brewers Association press release. “The Small BREW Act would create a new rate structure that reflects the evolution of the craft brewing industry.” ”
The new three-tier structure reflects the growth of craft breweries, which achieved more than a 5 percent volume share of the beer consumed in America for the first time in 2011 and continue to experience sales increases,” explains Ed Sealover in a Denver Business Journal article. Read about the full bill here: “Small Brewer Federal Excise Tax Bill Reintroduced in Congress”