Posted: | February 3, 2015 01:49 PM |
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From: | Representative Scott A. Petri |
To: | All House members |
Subject: | Malt Beverage Tax Credit Legislation |
I will be reintroducing 2 separate pieces of legislation amending the Tax Reform Code of 1971, as it pertains to the Malt Beverage Tax Credit: |
Description: | Former House Bill 246 (MBTC for one year): The first piece would reinstate the Malt Beverage Tax Credit from January 1, 2015 until December 31, 2015. We want to maintain these Pennsylvania manufacturing jobs. This tax credit affects small brewers who brew a maximum of 1.5 million barrels of malt or brewed beverages per year in Pennsylvania. A claim for the credit is limited to qualifying expenditures not to exceed $200,000 per year. | |
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Description: | Former House Bill 245 (MBTC permanent): The second piece would make the Malt Beverage Tax Credit permanent. This tax credit affects small brewers who brew a maximum of 1.5 million barrels of malt or brewed beverages per year in Pennsylvania. A claim for the credit is limited to qualifying expenditures not to exceed $200,000 per year. | |
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