Colorado Senator Wants to Lower Taxes for Breweries [VIDEO]
From an on-campus brewery at CSU to being nicknamed the “Napa Valley of Beer,” it’s obvious Colorado is embracing the social and economic benefits of brewing. And apparently Senator Mark Udall is on-board as well, as we can see from the bill he just introduced to give the state’s breweries a huge tax break.
“Colorado is one of the top beer-producing states in the country, and our innovative brewers have rightly earned Colorado as a reputation as the Napa Valley of beer,” Udall said in a news release. “These aren’t your dad’s beers, and we shouldn’t discourage brewers from growing their businesses with an outdated excise tax.”
The bill – called the Brewers Excise and Economic Relief (BEER) Act of 2013 – is co-sponsored by Senators Roy Blunt (R-Mo.), David Vitter (R-La.) and Michael Bennet (D-Colo.).
Check out the video below for more info on the B.E.E.R. Act. Do you think it will boost our state economy, or ultimately hurt the state financially? Let us know in the comments section!