NYS Helps Hop Growers and Distilleries
New York expands tax credits for farmers growing hops and takes steps to increase distillery operations statewide. Under current law, hops growers qualify for a real property tax exemption without meeting a $10,000 sales requirement due to the fact that these crops take longer than most to reach their full potential. The new law allows that credit to be taken sooner. Also businesses with a farm distillery license can contract with a member of the public to produce a custom liquor for that individual’s consumption. Previously only wineries could do that.