H.R. 3301 Addresses Extension of Recalibrated Excise Tax Rates

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H.R. 3301, The Taxpayer Certainty and Disaster Tax Relief Act of 2019, a tax extenders bill which includes a one-year extension of the language that recalibrated federal excise taxes (FET) for breweries, wineries, and distilleries, cleared the House Ways and Means Committee. Under H.R. 3301, the FET recalibration, which is currently set to expire on December 31, 2019, would be extended by one-year through December 31, 2020.