News Briefs for February 14, 2019
February 14, 2019•The Craft Beverage Modernization and Tax Reform Act has been reintroduced in the U.S. House of Representatives, after a companion bill in the Senate was launched last week. The proposal would make permanent the tax breaks afforded drinks producers in late 2017, which are slated to expire at the end of this year. Among other things, the bill allows all wineries regardless of production size to claim a credit of between $.535 and $1 per gallon on the first 750,000 gallons of production, and reduces the federal excise tax on spirits from $13.50 to $2.70 per gallon for the first 100,000 proof gallons removed from bond per year.
•Winebow Imports’ Leonardo LoCascio Selections (LLS) unit has added Puglia-based Cantele Winery to its portfolio. Located on Puglia’s Salento peninsula, Cantele is a third-generation family-owned winery known for both Chardonnay and indigenous varieties like Negroamaro and Primitivo. The portfolio includes a Negroamaro Salento Rosato ($17), Chardonnay Salento ($17), Primitivo Salento ($17), and Salento Amativo ($36), among others.
•González Byass has launched a certified organic wine within Chilean brand Viñedos Veramonte’s lineup. Made in Chile’s Casablanca Valley, the Viñedos Veramonte 2018 Sauvignon Blanc is retail priced at $12 a 750-ml. and marks the first expression in what González Byass says will eventually be a wholly organic and biodynamic portfolio of Chilean wines. The company plans to convert all its vineyards in the Casablanca, Colchagua, and Apalta Valleys to 100% organic and biodynamic farming over the next couple of years. The González Byass Chilean portfolio also includes the Ritual, Primus, and Neyen wines.
•BevMo has aligned with delivery provider Drizly on a new partnership covering 45 BevMo stores throughout California. Under the deal, Drizly’s on-demand delivery platform will be rolled out across BevMo stores in the Bay Area and Silicon Valley, as well as southern California, from Los Angeles to San Diego. Minority-owned by the Wine & Spirits Wholesalers of America, Drizly is present in more than 100 cities across the U.S.
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