Beer Institute praises new tax relief measures

The Beer Institute has praised President Trump and the U.S Congress for tax relief measures for breweries outlined in the Tax Cuts and Jobs Act.

The president and CEO of the Beer Institute Jim McGreevy said: “The Tax Cut and Jobs Act will provide critical federal excise tax relief for brewers and beer importers of all sizes and will enable America’s more than 5,000 breweries to add to the American economy through technology, innovation and jobs.”

The act has been criticised for giving big businesses tax cuts, but smaller breweries should also benefit under the new measures. Smaller US brewers currently pay US$7 tax per barrel of beer that they produce, but the tax reforms would cut this tax to $3.50 per barrel on the first 60,000 barrels produced.

Brett Joyce, president of Rogue Ales, said: “Federal excise tax relief for brewers and beer importers will help small brewers create jobs and invest more in their businesses.”

The Beer Institute estimates that the federal excise tax relief could create $320 million in economic growth per year. The beer industry currently supports more than 2.2 million American jobs.

Larger brewers will also benefit from a $2 tax cut from $18 to $16 on the first six million barrels brewed or imported.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Marketing Manager

Amathus Drinks Plc
London, UK

Partner Manager - Manged On-Trade

Maverick Drinks
London, UK

Brand Manager

Hatch Mansfield
Ascot, Berkshire

Head of Sales

London, UK

Logistic and Fullfilment - Whisky (and wine) administrator

Stilnovisti Ltd
London, United Kingdom // Dufftown, Keith, United Kingdom

Account Manager

Harviestoun Brewery
Field Based, UK

Buyer - Spain & South America

London, UK

Events Sales Manager

Field based - London or surrounding area

Sales Director Europe

Mirabeau Wine

Argentina Breaking New Ground Masterclass Series

Leeds,United Kingdom
17th Oct 2018

Argentina Breaking New Ground Masterclass Series

Edinburgh,United Kingdom
18th Oct 2018


5th Nov 2018
Click to view more

Global Chardonnay Masters 2018

Deadline : 17th October 2018

Green Awards 2018

Deadline : 19th October 2018

Click to view more

The Global Sparkling Masters 2018

As with all of the drinks business awards, our judging panel is comprised of Masters of Wine, Master Sommeliers and senior buyers making the competition globally renowned.

Champagne Masters 2018

Enter your wines into the Champagne Masters 2018, the only blind competition dedicated to Champagne in the UK.

Click to view more