Colorado breweries would get big tax break under Republican tax proposal | SummitDaily.com

Colorado breweries would get big tax break under Republican tax proposal

The incentive is aimed at small brewmasters but all beer-makers would benefit — though don’t expect the cost of a six-pack to go down

By Mark K. Matthews / The Denver Post

Potential good news for Colorado’s nearly 350 breweries: A provision of the U.S. Senate tax overhaul bill would reduce domestic breweries’ taxes from $7 to $3.50 per barrel for the first 60,000 barrels they produce per year.

WASHINGTON — They aren't toasting yet, but Colorado beer-makers are abuzz about one piece of a tax package in Congress that would benefit brewers — especially the microbreweries that have become intrinsic to the state's identity.

Under the Senate tax proposal, domestic breweries that produce less than 2 million barrels a year would see their taxes reduced from $7 to $3.50 per barrel for the first 60,000 barrels they produce per year.

If the measure passes — and that's still a big if — it would be a boon for Colorado's nearly 350 breweries, the overwhelming majority of which fall into that category.

It's a "huge deal," said Andres Gil Zaldana, executive director of the Colorado Brewers Guild.

A tax cuts for brewers large and small

Notable too is how the beer provision found its way into the tax bill in the Senate.

For years, small beer-makers have clashed with their bigger rivals over tax policy — as neither side wanted to give the other an edge.

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Read the full story at denverpost.com.