Tax Cut Could Be On Tap for Small Businesses

Angiuli Gentile

Senator Charles E. Schumer tours Staten Island Flagship Brewing Company, Tompkinsville, to announce legislation that would cut excise tax for small breweries. From left, Landlord of Flagship brewery Gary Angiuli, Chair of Staten Island Chamber of Commerce, (SICC) Annamarie Gentile, SICC President & CEO Linda Baran, and Senator Charles E. Schumer talking about the tax cut. (Staten Island Advance/Irving Silverstein)

STATEN ISLAND, N.Y. -- James Sykes, co-owner of Flagship Brewery, says the fledgling Tompkinsville brewery is challenged with all the same issues facing small business owners.

But as a brewery, he and his partners face an extra tax.Every barrel of beer brewed at the facility holds an excise tax of $7 per barrel. Having already produced 1,200 barrels since opening seven months ago, that tax adds up.

That's why he and his partners at Flagship Brewery support new federal legislation that would cut the excise tax for small breweries in half.

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