Bill > A07621

This bill establishes a New York brewery empowerment and economic revitalization credit that provides a tax incentive for breweries operating in the state. Under this legislation, breweries registered as distributors can receive a tax credit of seven cents per gallon of beer produced in New York, with a maximum annual credit limit of five million dollars. To qualify for the credit, breweries must pay their employees an average wage that is at least 125% of the statewide average wage for brewery employees, as determined by the Department of Labor's quarterly census of employment and wages. The Department of Labor will collaborate with tax authorities to develop a certification process and issue a tax credit certificate to qualifying breweries. Breweries claiming this credit cannot simultaneously claim another existing tax credit for beer production. The credit can be applied against taxes under Article 9-A (corporate franchise tax) and Article 22 (personal income tax), and any excess credit can be carried forward or refunded. The bill aims to support and incentivize the growth of the brewery industry in New York by providing financial benefits to breweries that meet specific wage standards.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7621