U.S. Congress To Pass the Craft Beverage Modernization and Tax Reform Act
As the U.S. Congress is set to pass the latest in COVID-19 stimulus relief, the
Craft Beverage Modernization and Tax Reform Act (CBMTRA) was added to this bill that will make the existing federal excise tax rates for small and independent breweries permanent. News arrived late Sunday night that both the U.S. House and U.S. Senate have agreed upon a $900 Billion COVID relief package that also includes CBMTRA as part of it.
The current Federal Excise Tax (FET) rates for small and independent breweries were set to expire on December 31, 2020. If no action is taken and the current FET expires, the rate could increase as much as 100%. On top of this, breweries in Oregon will likely face a state tax increase as well for the 2021-23 biennium that is being led by the Oregon Health Authority.
Virginia Beer Co. Receives Top International Recognition
December 16, 2020
“Champion Brewery” has a nice ring to it, and that’s just what Beer52 a United Kingdom based craft beer cultivation and subscription organization that serves thousands of international brews annually throughout the UK has named The Virginia Beer Company.
There is no secret that Williamsburg’s Virginia Beer Co. loves sharing beers & cheers abroad. Since opening in 2016, the brewery has been working closely with the Virginia Department of Agriculture and Consumer Services, the Virginia Economic Development Partnership, and the Brewers Association‘s EDP to bring the flavors of Williamsburg to Europe, Asia, South America, Australia, New Zealand, and the United Kingdom.
December 17, 2020
The first variety of spring malting barley bred by Cornell to succeed in New York’s wet climate and support the state’s $5.4 billion craft beer industry just got a new name: Excelsior Gold.
Formerly called CU-31, the barley got its name as a result of a contest co-hosted this fall by the College of Agriculture and Life Sciences (CALS) and the New York State Department of Agriculture and Markets.
Richard Ball, commissioner of Ag and Markets, announced Excelsior Gold to more than 100 attendees from across the craft beverage supply chain at this year’s virtual Empire State Barley and Malt Summit, Dec. 16.
New Clarivate Report Reveals Mainland China as Prominent Innovator in the Global Alcoholic Beverage Industry
LONDON, Dec. 16, 2020 /PRNewswire/
Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today released a new report that explores the drivers, dynamism and state of innovation in the global alcoholic beverage industry.
Distilling the IP dynamics of the alcoholic beverage industry uncovers a significant geographic shift, with Mainland China emerging as a prominent contributor on both supply and demand sides. Mainland China has filed more trademark applications in alcoholic beverage categories, WIPO s Nice class 32 and 33, than the rest of the world combined since 2017, based on trademark intelligence from CompuMark
BIRMINGHAM, Michigan Griffin Claw Brewing Company, a local microbrewery and community leader has partnered with Earthly Labs, an Austin, TX based company to become the first craft brewery in Michigan to purchase their carbon capture technology to reduce carbon dioxide (CO2) emissions. Earthly Labs plug-and-play carbon capture technology called CiCi®, enables craft breweries like Griffin Claw to capture 100,000 pounds of waste CO2 or more from the brewing process each year and reuse it to carbonate and package beer. As many breweries in Michigan and throughout the world experience a CO2 shortage due to the pandemic, this technology allows breweries to supplement by using their own. To celebrate Griffin Claw Brewing will be releasing a specialty beer brewed with recaptured CO2, soon to be available in the Birmingham and Rochester Hills taprooms.