Gov. Andrew Cuomo reinstated a tax credit for New York's local beer breweries this week, to the relief of local labels like Kelso in Clinton Hill and Williamsburg's Brooklyn Brewery.
"From the good jobs they create to the great beer they produce, New York's brewers are key to New York's economy,” said state , D-Brooklyn. "By reinstating the beer production credit, we're serving New York's brewers, consumers, and economy alike: allowing our small businesses to keep growing, while keeping their brews affordable.”
that breweries would now be required to pay 14 cents in state tax per gallon, in addition to 12 cents per gallon tax for beer sold in New York City, after a complaint from a Massachusetts brewery found New York's tax credit's unconstitutional.
In May, Squadron joined Sen. Charles Schumer, D-New York, state Sen. Lee Zeldin, R-Long Island, and Assemblyman Joe Lentol, D-Williamsburg, to work out a bipartisan plan to reinstate the credit and protect the city’s small brewers.
According to the Lower Hudson Journal News, New York’s craft brewing industry is estimated to include more than 90 breweries, employ thousands of people and produce more than $200 million each year.
New York State Brewers Association President David Katleski told the paper that the legislation "will help ensure that the state’s thriving craft beer industry can continue to deliver jobs, revenue and pride for New York."