Monday, January 18, 2016

Cuomo Wants Tax Credits for Wineries, Distilleries and Hard Cider Makers

New York Gov. Andrew Cuomo wants to extend a tax credit to small wineries, distilleries and alcoholic cider makers to encourage an industry that he says helps promote the entire state.

In his State of the State address last week the Democratic governor also announced a plan to overhaul the regulations governing online sales of craft alcohol to make it easier for producers to sell their products on the Internet.

The tax credit is now given to small craft breweries, and Cuomo says it makes sense to offer the same incentive to craft wineries, distilleries and cider makers.

He estimates that the credit would save these businesses $2 million a year, money that he says they can reinvest.

Cuomo also wants to eliminate existing alcoholic beverage taxes that are imposed on free tastings.

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