Governor of New York Signs Bills for the Better Growth of the New York Craft Beverage Market

Published By : 23 Sep 2015 | Published By : QYRESEARCH

Recently, Andrew Cuomo, the governor of New York signed three bills that pertained to helping out the industry for craft beer sell gifts like domestically produced souvenirs, crafts, and food. This industry is a beneficiary of distilleries that are farm based. Earlier, farm distilleries, apart from wineries, cideries, and breweries weren’t permitted to deal in gift items. However, with the latest rule, these outlets will soon be able to sell such items besides the regular non-alcoholic beverages, accessories, and liquor supplies that they generally sell. 

According to a an owner of a distillery located in Queensbury, the permission to sell such accessories is one good way of free advertising and promoting non-alcoholic beverages that such distilleries sell. Another legal step which the Senate has sponsored is the one that exempts most micro-breweries from having to file redundant taxes. Additionally, farm and microbreweries have a licensed limit on manufacturing no greater than 60000 barrels on a yearly basis. 

Until now, there have only been a handful of farm breweries that were not required to file detailed descriptions of each and every transactions that took place in a year. Such an exemption at present has now been given to most micro-breweries. Many industry experts have expressed that the industry for craft beer has been in a rather bright spot in the economy and they also anticipate such a trend to continue in the future as well. Such measures will lead to the elimination of cumbersome processes and may even prove to be money and time saving in the future. 

The relevant data collected may be of little use since the earnings of micro-breweries is rather small and accounts for approximately 4% of the overall sale of beer in New York. Also, the small scale breweries are not that well-equipped in handling and managing this form of collection of data, and many a times the task of accounting may result in a cost that may exceed the profit margin of the brewer. 

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