HI SB1261

Defines "barrel" as a container holding not more than 31 gallons or wine gallons of liquor.

Defines "small brewery or brewpub" as a brewery or brewpub producing not more than 60,000 barrels of beer per taxable year.

Establishes a reduced tax rate of $0.23 per wine gallon on draft beer and beer other than draft beer produced by small breweries or brewpubs, effective January 1, 2014.

Maintains existing tax rates of $0.54 per wine gallon on draft beer and $0.93 per wine gallon on beer other than draft beer for non-qualifying producers.

Effective date of July 1, 2030, with application to taxable years beginning after December 31, 2013.