Global NY Loan Fund to Help Alcoholic Beverage Industry

April 18th, 2019 • by Paul Leone

Global NY Loan Fund to Help Alcoholic Beverage Industry

• by Paul Leone

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 […]

Positive Energy on Tap for NY Breweries

March 5th, 2019 • by David Bennis

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 […]

Implications of the Craft Beverage Modernization and Tax Reform Act

February 14th, 2019 • by David Oksenhorn

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. […]

Free Webinar: Tax Reform Implications for Craft Beverage Producers

April 4th, 2018 • by Paul Leone

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 […]

Elimination of Bond Requirement for Breweries/Brewpubs, Distilled Spirit Plants, Wineries

November 7th, 2016 • by Paul Leone

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 […]