ALLENTOWN, Pa. – Some Pennsylvania lawmakers were in Allentown on Thursday to talk about how proposed legislation could give more breweries an economic boost.
Members of the state House Finance Committee were at Sherman Street Beer Company, where they heard from owners of small, local breweries who want to take advantage of the state’s Malt Beverage Tax Credit, but can’t.
Currently, breweries can claim up to 200,000 dollars, but the credit is non-refundable, can’t be sold, and can only be used for three years.
A new bill introduced by State Representative Ana Tiburcio, who serves part of Lehigh County, would allow the tax credit to be carried forward for five years and let recipients to sell their credit to other breweries.
“Either using it or transferring it to other breweries, so we’re giving other small brewing companies more chances for their businesses to grow,” Tiburcio said.
The bill is currently working its way through Harrisburg.