| The following items have recently been added to our website:
TSB-M-16(5)C,(3)I, Alcoholic Beverage Production Credit (formerly the Beer Production Credit)
This memorandum provides guidance on the expanded and renamed beer production credit. Part V of Chapter 60 of the Laws of 2016 expanded the beer production credit to include wine, liquor, and cider produced in New York State and renamed the credit the alcoholic beverage production credit. The expanded credit may be claimed in a tax year that begins on or after January 1, 2016.
To view the entire document click on the link below:
https://www.tax.ny.gov/pdf/memos/multitax/m16_5c_3i.pdf
TSB-M-16(6)C, (4)I, (5)M, (7)S, 2016 Legislation Related to Taxes on Alcoholic Beverages
This memorandum summarizes recent legislative amendments related to taxes on alcoholic beverages.
To view the entire document click on the link below:
https://www.tax.ny.gov/pdf/memos/multitax/m16_6c_4i_5m_7s.pdf
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