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excise tax


feeroz

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hi everybody,

i'm thinking about starting a farm distillery in new york state. when are you required to pay excise tax to the federal and state governments? is it as soon as your spirit is produced or sold? and in the case of aged spirits (whiskey) when is excise tax payable (after being sold, after finishing in the barrel, or right off of the still)?

any advice would be much appreciated.

-feeroz

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