Beverage manufacturers–breweries, distilleries, and wineries–are ideally suited to bring valuable investment to rundown neighborhoods and distressed communities. These are the exact areas targeted by the Opportunity Zone tax incentives created by the 2017 Tax Cuts and Jobs Act. Some new and existing beverage manufacturers might benefit from locating in “O-Zones.”
Continue ReadingBeginning January 1, 2017, the federal bond and tax reporting requirements for some breweries, wineries, and distilleries will get a little easier.
Continue ReadingIt’s not just production breweries that are driving the growth of Florida’s brewing industry. There’s a lot of good beer coming from Florida’s brewpubs. To help Florida brewpubs and their supports stay informed about the industry, and as a companion to The Florida Breweries Report, we are launching the Florida Brewpubs Report.
Continue ReadingThe number of breweries in Florida is growing rapidly, and existing Florida breweries are expanding steadily. To help Florida breweries and their supports stay informed about this expanding industry, we are beginning a new monthly feature: The Florida Breweries Report.
Continue ReadingBeginning April 30, 2014, the Florida manufacturers will be exempt from Florida’s sales and use tax on the purchase of industrial machinery and equipment used in Florida. To be eligible for the exemption, a manufacturer’s primary activity where the equipment will be located must fall within North American Industry Classification System (NAICS) codes 31, 32, and 33. NAICS codes 31,...
Continue Reading