WASHINGTON, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, a national trade organization representing the beer industry, released the following statement after HB 1303 was defeated in the North Dakota state legislature:
“We are pleased the North Dakota House rejected HB 1303, which would have arbitrarily reclassified liquor products as wine to reduce their tax rate – blurring the lines between distinctly different alcohol categories,” said Brian Crawford, president and CEO of the Beer Institute. “Legislators were wise to reject this handout for big liquor – saving significant tax revenue while protecting North Dakotan brewers, agricultural suppliers and consumers. We also know from the experience in Nebraska and Michigan, where similar legislation was enacted in 2021, that these tax cuts don’t result in lower prices for consumers at the store.”
Read the letter the CEOs of the Beer Institute, Brewers Association and National Beer Wholesalers Association sent the North Dakota House Finance and Taxation Committee on HB 1303.
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The Beer Institute is a national trade association for the American brewing industry, representing brewers, beer importers and industry suppliers—an industry that supports more than 2 million jobs and provides more than $331 billion to the American economy. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to developing sound public policy and to the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website, follow @BeerInstitute on Twitter, like the Beer Institute on Facebook, and follow the Beer Institute on Instagram.
