Taxes Favorable for Breweries and Distilleries in Southwest Florida

PUNTA GORDA, FL - The craft brewing and distillery industries have been booming, and recently received an additional boost as part of the tax overhaul the U.S. Congress passed recently. Specifically, Part IX, sections 13801 through 13808, which are lowered excise taxes on alcoholic beverages made by small producers.

Breweries in Southwest Florida experiencing benefits from this include

  • Peace River Beer Co. in Punta Gorda
  • Fat Point Brewing in Punta Gorda
  • Cape Coral Brewing in Cape Coral
  • Big Storm Brewing Co. in Clearwater, Odessa, and recently acquiring a stake in Cape Coral Brewing and Fat Point Brewing.
peace-river-beer-co

Peace River Beer Company

A shot of the interior of the Peace River Beer Company

In the past, some breweries had struggled in the area. One example is Fat Point Brewing, which required partnership with Big Storm Brewing Co. in February of 2017 to avoid shuttering its doors.

The tax relief for this industry should help smaller breweries and distilleries find success without requiring support from larger companies, and give them more room to experiment with different brews and flavors while experiencing less financial risk.