Alternative Excise Tax Legislation Introduced

Share Post

Introduced on February 5, 2015, H.R. 767, the Fair Brewers Excise and Economic Relief Act, seeks to impose a graduated federal excise tax on all brewers (no qualifying production threshold and including multi-national companies) and beer importers with the following structure: no excise tax on the first 7,143 barrels; $3.50/barrel on barrels 7,144-60,000; $16/barrel on barrels 60,001-2 million; and $18/barrel on every barrel above 2 million. The Brewers Association has issued a statement concerning this legislation.

Was this article helpful?
YesNo

Links: