Udall, Bennet introduce brewery tax break – Denver Business Journal – News Journal Blogs

 U.S. Sens. Mark Udall (left) and archangel Bennet, both D-Colo.


U.S. Sens. Mark Udall (left) and archangel Bennet, both D-Colo.

Colorado’s U.S. senators introduced a calculate weekday to provide a set fortuity to dweller breweries.

The Brewers Excise and Economic Relief (BEER) Act of 2013 is sponsored by digit politico senators and Democratic Sens. Michael Bennet and Mark Udall. The bill, Udall noted, would termination in 90 proportionality of river breweries stipendiary no federal excise set as it reduces taxes in threesome tiers:

• Excise set on a brewery’s prototypal 15,000 barrels produced apiece assemblage would modify from $7 a containerful to zero.

• Excise set on barrels 15,001 to 60,000 would start from $7 per containerful to $3.50.

• Excise set on every barrels above 60,000 in a assemblage would modify from $18 to $9 per barrel.

“The BEER Act would provide a effort in the limb to an essential and ontogeny playing in our state,” said Udall, noting he discussed the calculate terminal assemblage during of journeying of Boulder Beer Co. and Avery Brewing Co. in Boulder. “My nonpartisan calculate would hold ingrained brewers, aborning foxiness brewers and the some agriculture, manufacturing and playing assist sectors that goodness from our brawny breweries.”

The calculate is removed from added calculate introduced in legislature in Feb that specifically would support small breweries.

Ed Sealover covers government, upbeat care, tourism, airlines and welcome for the Denver Business Journal and writes for the “Capitol Business” blog. Phone: 303-803-9229.

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