Next week, on Tuesday, Dec. 1, the Brewers Association, state brewers guilds, and other beverage alcohol trade associations are joining together for a national Day of Action to urge Congress to pass the Craft Beverage Modernization and Tax Reform Act (CBMTRA) and make the current federal excise tax rates permanent.
The current excise tax rates, which went into effect in 2018, have allowed small and independent breweries across the country to reinvest in their businesses and hire new employees. They are set to expire on Dec. 31, 2020, unless Congress acts. It’s “Last Call” for CBMTRA and your legislators need to hear from you.
Making the language permanent has always been a priority, but now it is more important than ever. If the current rates expire, most breweries across the U.S. will see their excise tax rates increase by 100%. The effects could be devastating to an industry that has been severely impacted by COVID-19. Passage of the Craft Beverage Modernization and Tax Reform Act would provide much needed certainty and stability during a difficult time—particularly for those breweries whose sales are primarily on-premise.
We need your help in participating and sharing your story with your members of Congress and asking your fans to support you by doing the same.
If you have any questions, please reach out to Brewers Association Federal Affairs Director Katie Marisic.