Global NY Loan Fund – Distilled and Fermented Beverage Initiative – $5 million Through the Distilled and Fermented Beverage Initiative, ESD will provide zero percent interest loans in principal amounts between $10,000 to $50,000, with terms of up to seven years, directly to New York State’s small and medium-sized companies in either the distilled or […]
U.S Breweries Spend Over $200 Million Annually On Energy That number is staggering. More to the point, energy consumption can run up to 8% of the total production cost of beer, which makes efficiency a critical factor, especially in times of high energy price volatility. At Marathon Energy, we pride ourselves on working to minimize […]
The Craft Beverage Modernization and Tax Reform Act (CBMTRA) of 2017 gave the craft brewing industry a lift by temporarily lowering the federal excise tax for breweries, wineries, and distilled spirit producers. The act took effect on January 1, 2018, and is currently set to expire on December 31, 2019. But on February 6, U.S. […]
Live Oak Bank is committed to providing free educational content for NYSBA members. In the free tax webinar the recent changes to the Tax Reform Act and tax incentives for brewery owners are discussed. The webinar is on demand. You can listen any time and submit questions. The recent changes to the U.S. tax code have provided […]
Starting January 1, 2017, if you are a TTB-permitted entity owing less than $50,000 in excise taxes in the previous year and expect to owe less than $50,000 in the current year on beer, distilled spirits, or wine, you will no longer be required to hold a bond. Because the bond exemption does not go […]