TTB Releases Initial Guidance on New Federal Excise Tax Rates

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The Alcohol and Tobacco Tax and Trade Bureau (TTB) has issued initial guidance concerning reduced alcohol excise tax rates which became effective on January 1, 2018. The changes to the tax rates were included in the Tax Cuts and Jobs Act signed into law on December 22, 2017 and are the same as those in the Craft Beverage Modernization and Tax Reform Act, legislation championed by the Brewers Association.

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