Spirits Excise Tax Reduction Proposed

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H.R. 2520, the Distillery Innovation and Excise Tax Reform Act, seeks to reduce the current $13.50/proof gallon rate to $9.00/proof gallon, with the initial 100,000 gallons taxed at a rate of $2.70/proof gallon. All spirits producers would be eligible for the reduced rates. In the Senate, S. 1444, the Distillery Excise Tax Reform Act of 2015, seeks the same $2.70 rate on the first 100,000 proof gallons, but does not provide for any other rate reduction.

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