Gov. Cuomo signs small brewery tax benefit bill

Small craft breweries are now going to save on taxes.A new law signed by Gov. Andrew Cuomo gives New York breweries that produce 60 million

BROOKLYN - Small craft breweries are now going to save on taxes.A new law signed by Gov. Andrew Cuomo gives New York breweries that produce 60 million or fewer gallons of beer a break from paying an annual liquor fee.Brooklyn Brewery owner Steve Hindy says the restoration of the tax benefit will allow him to expand his business. Hindy says he'll be able to hire five more employees by the end of the year, but wouldn't have been able to hire any without the tax benefit.The law also creates a farm brewery license that allows craft brewers to expand their operations by opening restaurants or selling new products in hopes of increasing demand for locally grown farm products.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets of Brooklyn to 1 Word on the Street: Leggings on a plane
Police have released surveillance video of a suspect 2 The Buzz: Brooklyn deli shooting suspect
Police say Jeffrey Rice, of Huntington Station, snuck 3 Man faces new charges in Thanksgiving home invasion
The popular Rockville Centre's restaurant is one of 4 Tasty Tuesday: Cabo at Nassau Coliseum
The players gave out Nets gift bags, signed 5 Brooklyn Nets players surprise cancer patients

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE