The state of Alaska is spending $3 million per year on beer. That fact won’t change until at least 2018.
On Wednesday afternoon, the Alaska House Labor and Commerce Committee heard an analysis of a little-known tax break that benefits small breweries that sell beer in Alaska.
“We have options from completely eliminating the reduction … to somewhere in between or not touching it at all. That’s where we’re at as a committee,” said Rep. Sam Kito, D-Juneau and chairman of the Labor and Commerce Committee.
Under the exemption, breweries considered “small” under federal tax codes pay state taxes at about one-third the usual rate.