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Finance committee unanimously reports bill extending malt-beverage tax credit carry-forward
Summary
The House Finance Committee unanimously reported House Bill 2340, which would extend the malt-beverage tax credit carry-forward from three to five years and allow credits to be sold to other Pennsylvania brewers, with supporters saying it will help small craft breweries while critics flagged broader tax-credit policy concerns.
The House Finance Committee on April 29 voted to report House Bill 2340 (Printers No. 3132), which would extend the carry-forward period for the state's malt-beverage tax credit from three years to five and allow the credits to be sold to other Pennsylvania brewers.
Shannon Snell, the committee's senior research analyst, summarized the bill as an attempt to encourage fuller utilization of the…
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