The Craft Beverage Modernization and Tax Reform Act is a provision of the plan. It cuts the federal excise tax in half for craft brewers from 7 dollars to $3.50 per barrel.
One local company says the break could help start-up breweries the most.
“When you’re just getting started and you’re not fully known yet that allows you to possibly not go out of business if you had a bad couple of months because you are paying less in taxes,” Cameron Litton, general manger of Walkabout Brewing Co. said.”
The act received bi-partisan support and was sponsored by Oregon Sen. Ron Wyden.
NBC5 News reporter Karen Tang graduated from the University of Maryland with a degree in communications and a master’s in journalism.
Before coming to Medford, Karen was an intern at WUSA9 and NBC News Channel in Washington D.C.
During her time in Maryland, Karen was an NCAA Division I student-athlete on the Maryland gymnastics team. She competed against Big Ten universities and made the Big Ten All-Championship team.
When Karen isn’t reporting, she’s at the gym working out, taking pictures with her dog Boomer and searching for the best food in Southern Oregon.