Indiana Beer Breweries Will See Lower Taxes Under GOP Tax Reform

Indiana brewers and consumers will be part of the tax cuts if Congress passes the bill.

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U.S. wine price increases coming

Wine and champagne prices will probably spike here in the U.S. Continue reading →

Hoosier Wine Sales May Soar

Wine businesses are getting closer to widening their sales through the Internet. Story courtesy WNDU:

A state legislative panel has endorsed a proposal that would allow Indiana residents to buy wine directly from a winery without first having to make an in-person visit.

The Senate Public Policy Committee voted unanimously Wednesday to send the bill to the full Senate for consideration.

The bill would eliminate the current requirement that residents having wine shipped to them first conduct a face-to-face transaction to ensure that the buyer is at least 21 years old. The proposal would require buyers to provide a copy of a government-issued ID to confirm they are of legal age.

Bill sponsor Sen. Phil Boots of Crawfordsville says the change will give Indiana wine consumers more choices and help wineries in the state to grow their business.

Chicago Gets Alcohol Delivery

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After raising almost $2 Million in startup money the company Minibar is now delivering alcohol to customers in Chicago.

Minibar, a startup one-hour delivery system for wine, spirits and beer, has arrived in Chicago.

Minibar says it connects users with local vendors who can deliver within an hour. Orders are placed via the company’s website, http://www.minibardelivery.com, or its mobile app (iOS and Android). Minibar also offers recommended pairings, cocktail recipes and the option to send gifts.

Indiana Alcohol Industry Has a New Player: Artisan Distillery

Last year Indiana lawmakers relaxed some rules in allowing investors and alcohol makers open up distillery operations to make whiskey. Now some operations have popped up and the specialized business of the alcohol industry will have to wait and see how it all plays out financially.

Here is how the alcohol rules got relaxed

They pointed to states such as Michigan, where 32 small distillers sell local spirits and generate tourism dollars and tax revenue. Kentucky’s “Bourbon Trail” attracts 400,000 visitors to distilleries, which buy more than 2 million bushels of Indiana corn, each year.

The law that went into effect in July 2013 allows an artisan distiller to produce no more than 10,000 gallons of liquor for retail sale a year. The distiller cannot sell spirits to a retailer or a dealer but must sell by the drink, bottle or case on the premises.

Unlike big craft-spirit operations that buy liquor from wholesalers then flavor, bottle and label it as their own, the products of Indiana’s artisan distilleries must be homegrown. At least 60 percent of the final product must be fermented and distilled from raw materials on-site.

So far five permits have been granted and seven more are awaiting approval. The investors must also already have a federal permit for the process. Investments into the operations can run as high as $500,000.

The most important thing to remember of this new business venture for Indiana alcohol consumers, the bourbon and whiskey are still aging. Only when the first batches are tasted will indicate success of this new expansion.

Hat Tip Indiana Economic Digest