New York City Tax Credit Advances

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Passing both legislative chambers, Assembly Bill 1719 provides for a beer production business tax credit for small brewers that produce 60 million or fewer gallons of beer in New York City. The tax credit consists of 12 cents per gallon for the first 500,000 gallons of beer produced, and three and eighty-six one hundredths cents per gallon thereafter up to 15,500,000 gallons.

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