A new bill aims to make it easier to start a craft brewery.
The bill would expand the state’s malt beverage tax credit program.
Currently, the tax credit allows breweries that invest in facilities or equipment to claim a tax credit equal to the amount of capital expenditures, up to $200,000. However the credits can only be carried forward for just three years.
The newly proposed bill would extend it to five years. It would also allow the tax credits to be sold to other breweries.
Lawmakers that support the bill say it allows smaller breweries to take full advantage of the credit before it expires.
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