New York brewery empowerment and economic revitalization credit established at seven cents per gallon of beer produced.

The bill establishes a New York brewery empowerment and economic revitalization credit of seven cents per gallon of beer produced in the state. To qualify, taxpayers must attach proof of a certificate of tax credit to their tax return, issued by the commissioner of labor. The commissioner must verify that employees at breweries operated by the taxpayer were paid at least 125% of the statewide average wage for brewery employees. The credit amount cannot exceed five million dollars.

New York brewery empowerment and economic revitalization credit established at seven cents per gallon of beer produced.

The bill establishes a New York brewery empowerment and economic revitalization credit of seven cents per gallon of beer produced in the state. To qualify, taxpayers must attach proof of a certificate of tax credit to their tax return, issued by the commissioner of labor. The commissioner must verify that employees at breweries operated by the taxpayer were paid at least 125% of the statewide average wage for brewery employees. The credit amount cannot exceed five million dollars.