Colorado breweries would get big tax break under Republican tax proposal | SteamboatToday.com

Colorado breweries would get big tax break under Republican tax proposal

The incentive is aimed at small brewmasters but all beer-makers would benefit — though don’t expect the cost of a six-pack to go down

Butcherknife Brewing Co.'s Amputator IPA is poured at the brewery's tap room in Steamboat Springs.

WASHINGTON — They aren't toasting yet, but Colorado beer-makers are abuzz about one piece of a tax package in Congress that would benefit brewers — especially the microbreweries that have become intrinsic to the state's identity.

Under the Senate tax proposal, domestic breweries that produce less than 2 million barrels a year would see their taxes reduced from $7 to $3.50 per barrel for the first 60,000 barrels they produce per year.

If the measure passes — and that's still a big if — it would be a boon for Colorado's nearly 350 breweries, the overwhelming majority of which fall into that category.

It's a "huge deal," said Andres Gil Zaldana, executive director of the Colorado Brewers Guild.

Read more from The Denver Post.

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