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New fundraiser created for Kentucky breweries hit hard during pandemic


New fundraiser created for Kentucky breweries hit hard during pandemic
A Kentucky brewery employee is using her editing skills to help businesses statewide. (Source: WKYT)
By Shelby Lofton | April 15, 2021 at 4:05 PM CDT - Updated April 15 at 4:05 PM
LEXINGTON, Ky. (WKYT) - A brewery employee is using her editing skills to help local businesses statewide.
Kindsey Bernhard has seen firsthand how breweries have struggled throughout the pandemic.
“This whole project with the prints started when I was working for the Kentucky Guild of Brewers, which is the state’s guild here in Kentucky, before I unfortunately got laid off due to COVID-19,” Bernhard said. ....

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Looming tax hike for craft breweries, distilleries adds to pandemic stress


Looming tax hike for craft breweries, distilleries adds to pandemic stress
and last updated 2020-12-18 20:00:10-05
The CBMTRA gives craft distillers, brewers, vintners, cider producers and mead makers a tax cut provides them with extra cash to reinvest into their businesses.
One of the provisions states that the CBMTRA reduces the federal excise tax to $3.50 per barrel on the first 60,000 barrels for domestic brewers producing fewer that 2 million barrels annually, according to the Brewer s Association.
Before, the federal excise tax was double the cost, at $7.00 per barrel.
The CBMTRA is set to expire on December 31. Therefore, on January 1, 2021, businesses would face a tax hike that doubles the federal excise tax on every barrel produced. ....

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