Minneapolis Micro Breweries Could Benefit From Tax Cut

Published On: 4th July 2015

From the internet

One Minnesota congressman says he is pushing for an excise tax cut for small breweries to help more craft brewers establish breweries and get them up and running.

It’s the big beer companies that aren’t so happy with this proposal.

The congressman said that he has experienced some pushback from the larger breweries, but he cites the current strength of the craft beer industry that warrants accommodation. The craft beer industry is creating jobs, as well as new entrepreneurs throughout the Twin Cities and this is very good. This shows how the craft beer industry is strengthening the economy. It is felt that the economy will become stronger if the tax environment is one that encourages more people to get into the craft beer industry.

The bill does have bipartisan support and that means that it does have a chance at making it through the Legislature.

Much of this support is attributed to there being a strong trend surrounding microbreweries and growing support among consumers for the craft brew industry. Many enjoy the variety and the quality of the product that these small breweries create.

Now that Minneapolis has become the latest city to allow Sunday growler sales, the craft brew industry in the Twin cities is excited about this and this could cause the industry to thrive even more. This is why it is important to some legislators on both sides that craft breweries be accommodated in ways that encourage them to create jobs and increase their operations in every way.

Some craft breweries are more than just breweries, as they also house restaurants. This makes them tourist destinations. When individuals who love craft beer visit the Twin Cities, they look for breweries that run such restaurants and even give tours of their breweries.

So while the big breweries are against craft breweries getting a tax cut because that cut won’t be extended to them, there are many that are for it. Whether or not the measure passes is a while away and could be introduced during the 2016 Legislative session.