Gov. Ned Lamont is announcing details on a state tax reduction on beer.
Lamont said the newly enacted state budget reduces taxes on beer by 16.7%.
Lamont said that the tax decrease was included in the budget as part of his ongoing efforts to support the continued growth of Connecticut’s craft brewery industry and the associated jobs it generates.
Lamont said a report from the National Beer Wholesalers Association and the Beer Institute found that beer brewed in Connecticut yields $2.9 billion in economic output for the state and supports 17,892 jobs, including careers in agriculture, manufacturing and retail.
“Connecticut’s craft brewery industry has been booming in recent years, and it is evidenced by the growth of hundreds of new jobs for our state’s residents,” Lamont said in a statement. “We should be doing everything we can to support locally-owned small businesses, including craft breweries. This reduction in taxes is another way we can support them.”
The tax reduction on beer is scheduled to take effect on July 1, 2023.
The changes are as follows:
Barrel (31 gallons): from $7.20 to $6.
½ Barrel: from $3.60 to $3.
¼ Barrel: from $1.80 to $1.50
Wine Gallon: from $0.24 to $0.20
The state anticipates a $2 million revenue loss from the tax decrease, according to Lamont.
Lamont will hold a news conference at 2:45 p.m. at Thomas Hooker Brewery in Bloomfield.
Check back to watch the announcement live.
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