New York breweries are facing a potential tax hike on beer at the end of this year, so they’re turning to congress for help.
Since 2017, brewers have paid a Federal Excise Tax (FET). Currently, they operate under a recalibrated rate of $3.50 a barrel. The current rate is set to expire on Dec.31, at which point brewers would have to pay about $7.00 a barrel.
News10NBC spoke with several local brewery representatives about what’s on the line and what’s next.
At Three Heads Brewing in Rochester, whether you go for a pint or a flight, owners say the craft beer is flowing and business is booming.