Distillery Excise Tax Reform Act of 2015 Introduced in Congress

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H.R. 1172, the Distillery Excise Tax Reform Act of 2015, amends the Internal Revenue Code to allow a reduction in the excise tax on distilled spirits for domestic distillers who produce not more than 100,000 proof gallons of distilled spirits during the calendar year. The legislation seeks to drop the rate from $13.50 to $2.70 on each proof gallon produced in the United States.