Craft brewers, railroads and more to see permanent tax breaks
Story Date: 12/22/2020

 

Source: ROLL CALL, 12/21/20


Lawmakers are primed to make excise tax cuts for some 20,000 small brewers, wineries and distilleries permanent in an emerging year-end tax package being grafted onto an omnibus spending bill, according to sources familiar with the tax package who spoke on condition of anonymity. These small businesses, located in every state and almost every congressional district, waged an intensive lobbying campaign to protect tax breaks that were estimated to cost the Treasury $950 million for a one-year extension that expires Dec. 31.

For more of this story, click here. 


























   Copyright © 2007 North Carolina Agribusiness Council, Inc. All Rights Reserved.
   All use of this Website is subject to our
Terms of Use Agreement and our Privacy Policy.