EAU CLAIRE, Wis. (WEAU) -- A proposal to reenact legislation could soon be a big help for Wisconsin craft brewery owners, and those looking to be a part of the $10 billion industry.
Tuesday afternoon, Wisconsin Representative Ron Kind took a tour at Lazy Monk Brewing LLC in Eau Claire to promote his “Craft Beverage Act” proposal.
The act, which provides tax reliefs to small micro-breweries, and craft breweries was enacted into law a little over a year ago, but is due to expire by the end of this year, so Rep. Kind is stopping at breweries like The Lazy Monk to reintroduce the legislation.
Kind says because most of these businesses are family owned, he hopes the Craft Beverage Act's excise and regulatory tax relief would give owners the opportunity to reinvest in their businesses.
“We need them to be successful, because when they’re successful, our communities are successful.” says Rep. Kind. “It’s a part of our economy that needs to be supported, so the beverage act will continue to offer lowered excise taxes, therefore more money in the business and hopefully lead to more employment in our area.”
Rep. Kind adds one of the goals is to help breweries like The Lazy Monk become more competitive domestically and nationally.
“Being a small business we wonder if there's anyone out there working for us and when they contacted us and said, we really want to come here, we were very excited because there is someone who is trying to help not only us, but all the craft breweries,” says Theresa Frank, co-owner of Lazy Monk Brewing LLC.