Police in Santa Fe say increased patrols and aggressive …
A local man is trying to open up a shelter for veterans who, …
Advertisement
Senate hops on tax cut for microbrewers
Updated: Friday, 08 Mar 2013, 12:55 PM MST
Published : Friday, 08 Mar 2013, 12:55 PM MST
SANTA FE (AP) - The New Mexico Senate has voted to cut taxes on microbreweries.
The bill is sponsored by Sandia Park Republican Sen. Sue Wilson Beffort, who says it is designed to not only expand the microbrewery business in New Mexico but help rural downtown areas like Moriarty that have breweries that draw tourists. The bill would eliminate a tax increase on businesses that produce more than 5,000 barrels a year.
Currently, Wilson Beffort says microbreweries that make less than 5,000 barrels a year pay eight cents tax per barrel. But that tax rises to 41 cents a barrel when production exceeds 5,000 barrels.
The bill would hold the tax rate to eight cents a barrel for production of up to 15,000 barrels.
Wilson Beffort says the state currently has 30 microbreweries or micro pubs and 5 packaging breweries.
 | With KRQE.com's commenting system, you don't need to register. You can login with an existing Facebook, Yahoo!, Google, or Twitter account and more. |
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
KRQE News 13
-
Police in Santa Fe say increased patrols and aggressive tactical plans are resulting in …
-
Traffic could get especially rough for drivers when the Paseo del Norte-Interstate 25 …
-
Dick Knipfing and Mark Ronchetti with your evening headlines and weather.
-
Police in Santa Fe say increased patrols and aggressive tactical plans are resulting in …
-
Sir Richard Branson now has a target date for the first manned flight to space from New …
-
At least one student was missing during commencement at St. Pius X High School's …
-
Police in Santa Fe say increased patrols and aggressive tactical plans are resulting in …
-
A simple alphabetical error by the state’s Public Education Department cost the most …
-
A New Mexico cabinet secretary lied twice about why a fraud investigation into a luxury …
-
The irrigation district serving farmers in central New Mexico has closed to all public …
-
State Department of Transportation officials say they have met with public safety …
-
The irrigation district serving farmers in central New Mexico has closed to all public …
-
According to a recent study from the Centers for Disease Control, more pools are showing …
-
An Albuquerque man is on a mission to locate 269 families to give them a piece of their …
-
A member of the state legislature and lab tech at Sandia National Laboratories is working…
