Kuster Touts Plan to Cut Taxes on New Hampshire’s Small Brewers at Henniker Brewing Company
Small BREW Act would cut the federal excise tax on New Hampshire’s small brewers in half from $7.00 to $3.50 per barrel on first 60,000 barrels, helping promote growth and job creation
Kuster: Small BREW Act would mean more jobs on tap in the Granite State
HENNIKER, N.H. – As part of her commitment to helping create jobs and opportunity for middle class families, Congresswoman Annie Kuster (NH-02) today continued her “Congress at Your Company” series with a visit to the Henniker Brewing Company, where she highlighted legislation she is cosponsoring that would cut taxes for small brewers across the Granite State to help promote growth and job creation. The Small BREW Act would cut the federal excise tax in half, from $7.00 to $3.50 per barrel, on the first 60,000 barrels for small breweries that produce less than 6 million barrels per year.
“My top priority in Congress is helping create jobs and opportunity for middle class families,” Kuster said. “That’s what the Small BREW Act is all about. This bill would cut the federal excise tax on our small brewers in half, helping them grow their businesses and ensuring that there are more, middle class jobs on tap in the Granite State.”
The Henniker Brewing Company, which brewed its first barrels in December 2012, plans to produce about 7,500 barrels per year. At that rate, the Small BREW Act could mean savings of $26,250 each year for the company, which could go toward expanding operations and creating jobs. Henniker Brewing formally launched in 2011 and moved into its new Centervale Road facility in July 2012. Its four brands – Working Man’s Porter, Amber Apparition, Whipple’s Wheat, and Hop Slinger – are now available in more than 200 stores and restaurants around New Hampshire.
“The Small BREW Act would make a big difference to us,” said David Currier, founder and managing member of the Henniker Brewing Company. “The less we have to pay in taxes, the more money we have to put back into developing our business.”
A member of the Small Brewers Caucus and the House Small Business Committee, Kuster has prioritized efforts to foster job creation, grow the economy, and expand opportunity for middle class families. The first bill she authored would incentivize public-private partnerships to improve workforce development for New Hampshire students.
Last month, Kuster introduced legislation to extend and expand a federal pilot program to help boost small businesses exports. She has also supported legislation to make permanent the federal research and development tax credit, helped lead the fight to prevent pending regulations from harming New England farmers, and worked to protect New Hampshire small businesses from burdensome online sales tax collection requirements.