Alloway Introduces Legislation to Make Tax Credits Available to Small Breweries

Alloway Introduces Legislation to Make Tax Credits Available to Small Breweries
 
HARRISBURG – Senator Richard Alloway II (R-33) introduced legislation this week that would make tax credits available for capital improvements at Pennsylvania’s small breweries.
 
Senate Bill 275 would create a permanent Malt Beverage Tax Credit of up to $200,000 for small breweries for the purchase of equipment and machinery. The tax credit would only be available to small breweries producing less than 1.5 million barrels of beer per year, and the credit could not exceed the amount of qualifying capital expenditures in a given year.
 
A similar tax credit was created in 1974, but it expired in 2008.
 
“Pennsylvania’s small breweries are an important part of our communities and a significant contributor to our state and local economy, and restarting this tax credit program will play an important role in helping these small businesses thrive and grow,” Alloway said.
 
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February 18th, 2011 | Posted in Front Page Stories | No Comments