S. 904, the Craft Bond Simplification Act of 2015, has been introduced in the U.S. Senate. The legislation seeks to completely remove the bond requirement from the class of brewers (and other small alcohol manufacturers) with an annual federal excise tax liability of $50,000 or less; allow that class of producers to file and pay taxes quarterly (rather than semimonthly); and allow annual (rather than quarterly) tax filings and payments for those producers with an annual tax liability of $1,000 or less. Related legislation, H.R. 2238, has also been introduced in the U.S. House of Representatives.
Pete Johnson serves as the State & Regulatory Affairs Manager for the Brewers Association (BA). He joined the BA at its inception in 2005, having previously worked as Programs Director for the Brewers Association of America. Before coming to the small brewing industry in 2001, Pete worked for 14 years with both state and federal elected officials in Pennsylvania and Washington, D.C.See Pete Johnson's Articles