Craft Beverage Modernization and Tax Reform Act September Update

The Craft Beverage Modernization and Tax Reform Act (S.236/H.R.747) was reintroduced in both chambers of the 115th Congress. Sponsors total 48 in the U.S. Senate and 262 in the U.S. House of Representatives. Specific tax provisions of the bill include: reducing the federal excise tax to $3.50 per barrel on the first 60,000 barrels for domestic brewers producing fewer than 2 million barrels annually; reducing the federal excise tax to $16 per barrel on the first 6 million barrels for all other brewers and all beer importers; keeping the excise tax at the current $18 per barrel rate for barrelage over 6 million.
S. The Craft Modernization and Tax Reform Act would also ease a number of burdens for brewers, including simplifying label approvals and repealing unnecessary inventory restrictions.

Links

  1. S. 236
  2. H.R. 747