Beer Buzz – Huge Beer Tax Cut Proposal in Connecticut, Savor Tickets Go On Sale And More

American Craft Beer|February 25th, 2019|

The beer biz never sleeps at American Craft Beer. And here’s some more of what’s been happening in the beer world while you were drinking your way through the Academy Awards.

SAVOR 2019 Tickets Go On Sale This Week (Wash, DC) – Tickets to SAVOR^TM, which returns to the Nation’s Capital this May, go on sale for BA and AHA members only this Tuesday, Feb 26, (10 a.m. MT/Noon ET). And will be available to the public on Wednesday, February 27 (10 a.m. MT/Noon ET)

Presented annually by the Brewers Association, SAVOR, one of craft beer’s most exciting events, marries independent brewers with culinary visionaries to create an unforgettable experience for beer lovers and foodies alike.

Now in its 12th year, and back for only one night this time around, SAVOR will serve more than 180 beers from over 90 small and independent craft breweries—one-third of which are participating for the first-time—representing craft breweries of all sizes from 34 states plus Washington DC.

Words To Drink By (Washington, DC) – “Each year at SAVOR we look to explore not only new flavor profiles, but also new experiences for guests.” Brewers Association Executive Chef, Adam Dulye

A New Budget Proposal Could Half The Beer Excise Tax In Connecticut (Hartford, CN) – Connecticut brewers are cautiously optimistic about a tax change in Gov. Ned Lamont’s two-year spending plan that, according to the Hartford Business Journal, reduces the state’s alcohol excise tax at craft breweries by 50 percent.

Connecticut Gov Ned Lamont

While breweries and other alcohol retailers pay traditional sales taxes, they are also subject to an alcohol excise tax of 24 cents per gallon of beer sold, or $7.20 per barrel. Governor Lamont’s measure, if approved, would cut the existing excise tax rate down to 12 cents per gallon or $3.60 per barrel.

More than 47.7 million gallons of beer were produced in Connecticut in 2018, according to the Connecticut Department of Revenue Services’ latest annual report. And that beer generated over $11.4 million in alcohol excise tax revenues for the state. The state’s brewery growth has ranked among the top 10 nationally according to the Boulder, Colorado-based Brewers Association, which represents the more than 70 breweries in Connecticut.