Craft Beverage Bond Simplification Act Introduced in Congress

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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.

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