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12/20/2017: The Craft Beverage Modernization and Tax Reform Act (CBMTRA)

(Information provided from the Brewers Association newsletter. Please check the BA website for more information at

Federal Excise Tax Overview )

"ON December 20, 2017, Congress passed H.R. 1, the Tax Cut and Jobs Act. Included in the legislation is the Craft Beverage Modernization and Tax Reform Act, which represents more than $80 million in annual savings for small brewers."

"On January 30, the Craft Beverage Modernization and Tax Reform Act of 2017 (S. 236) was introduced in the Senate by Sen. Ron Wyden (D-OR), the Ranking Democrat on the Senate Finance Committee. Sen. Roy Blunt (R-MO) was the lead Republican on this bill. The companion bill in the House (H.R. 747) was introduced by Reps. Erik Paulsen (R-MN) and Ron Kind (D-WI).

"The bill is similar to legislation of the same name introduced in the 114th Congress, which had not only had the support of the beer industry (the Brewers Association, Beer Institute support and National Beer Wholesalers Association), but also vintners (Wine America and the Wine Institute) and distillers (American Craft Distillers Association and DISCUS) as well as related industries like the National Barley Growers Association, Hop Growers of America, National Association of Manufacturers, Canning Manufacturers Institute, Glass Packaging Institute, National Corn Growers Association, the Wine Grape Growers of America and more.." - Brewers Association

READ MORE at: https://www.brewersassociation.org/government-affairs/craft-beverage-modernization-and-tax-reform-act/federal-excise-tax-overview/?utm_source=informz&utm_medium=email&utm_campaign=CBMTRAMbr&_zs=an47G1&_zl=icKD4

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Craft Beverage Modernization and Tax Reform Act (CBMTRA). . .lowers the federal excise tax for breweries, wineries and distilled spirits producers.

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