Feds: Pittsburgh Brewing Owes $746K in Taxes
Posted on: Tuesday, 30 August 2005, 21:00 CDT
Aug. 31--The U.S. Treasury is the latest creditor pursuing troubled Pittsburgh Brewing over unpaid bills, saying it is owed nearly $746,000 in federal excise taxes dating back to 2001.
The agency's Bureau of Alcohol, Tobacco and Firearms made the claim in a tax lien filed in Allegheny County Common Pleas Court Aug. 25. It covers taxes that were due from December 2001 to April 2003.
"We are on a payment plan for that right now," spokesman Jeff Vavro said, calling the matter "old news."
Pittsburgh Brewing is waiting on word from the Pension Benefit Guaranty Corp. on whether it can terminate an underfunded pension plan covering about 530 current and former employees. The Lawrenceville brewer told the federal agency it will be forced out of business if it is required to keep retirement promises it made.
As of June, the brewery had not made nearly $900,000 in required contributions to the pension plan since October. Another $455,000 contribution was due last month, but Vavro could not say whether it had been made. The fund has a deficit of more than $5.6 million.
Meanwhile, the brewery is also being pursued by a Downtown law firm over $107,800 in legal fees it says it is owed for helping Pittsburgh Brewing win lower assessments on three Lawrenceville properties.
And there's been no movement in a dispute over $2 million in claims against the brewery for unpaid sewage bills.
The brewery told the PBGC in April that it lost $1.2 million from operations over the last three years despite $1 million in cost reductions and forbearance by lenders, government agencies and others who have granted concessions. The concessions included $4.6 million in forgiven debt.
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Source: Pittsburgh Post-Gazette
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