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Eastside Distilling: Tax relief goes through

12/22/2017
By Ian Gilson, PhD, CFA

NASDAQ:ESDI

Tax drops from $13.50 a per gallon to $2.70 for the first 100,000 gallons of 100% ABV.

The tax bill just enacted did contain the tax relief for craft distillers (NASDAQ:ESDI) that we had previously discussed. We had adjusted our earnings forecasts based on our sales forecasts and did make minor adjustments for 2018 and 2019. The tax bill provides relief for two years. Our estimates assume the relief will be continue  in 2020 and beyond. The reduction is for the first 100,000 proof gallons (one US gallon is 3.7853 liters). This is a little over one million bottles of 100 proof spirits.

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