Following a strong push to include provisions of the Craft Beverage Modernization and tax Reform Act in the year-end tax extenders package passed in December, the tax provisions ultimately failed to get included, although the filing and bonding provisions for small beverage alcohol producers survived in the final version. Specifically, Section 332 of the tax extenders bill provides that:
- Small producers which reasonably expect to be liable for less than $1,000 in federal excise taxes for the calendar year, and which were liable for less than $1,000 in such taxes in the preceding year, need only file their taxes once annually;
- Small producers with excise tax liability between $1,000 and $50,000 are now required to file their excise taxes quarterly; and
- Bonding requirements for small producers with less than $50,000 in excise tax liability are removed.