(While this is a more local focused story, this act should help small breweries across the country.-PGA)
Sen. Charles E. Schumer peers into a fermentation tank with Peter Martin, director of brewery operations at Brown’s Brewing Co.,in Troy, Tuesday, where Sen. Schumer announced his support for a bill which would provide small breweries with a break on annual excise taxes. (Mike McMahon / The Record)

Written by Katie Nowak for troyrecord.com
TROY, NY— As he toured Brown’s Brewing Company Tuesday, nibbling on toasted barley and chatting with employees, Sen. Chuck Schumer, D-NY, paused to reflect on the brewery’s place in the financial landscape.
“It’s the new economy, right here,†Schumer said.
That new economy will get a boost if Schumer has his way, as New York’s senior senator announced his support for bipartisan legislation called the Brewers Excise and Economic Relief Act, or BEER Act, which would give small local breweries, like Brown’s, a tax cut, ultimately helping them reinvest in their operations and expand their workforce.
Breweries across the country currently pay a $7 excise tax on the first 60,000 barrels they brew annually, and Brown’s shoulders a $28,000 bill thanks to that tax. But the BEER Act would cut that tax in half for breweries which produce fewer than six million barrels per year, to $3.50 per barrel, and would take $2 off the tax on the remaining barrels up to two million.
Continue reading “The Beer Act and Chuck Shumer”