The Brewers Association, the national trade group for craft breweries, helped pass the Craft Beverage Modernization and Tax Reform Act (CBMTRA) in 2017, after ten years of effort, as part of the larger Republican tax bill. The legislation lowered the federal excise tax on the first 60,000 barrels (bbl) for breweries producing under 2,000,000 bbl per year from $7.00/bbl to $3.50/bbl.
The excise tax reductions in the CBMTRA are due to expire at the end of this year, so the Brewers Association is working to renew the legislation, including a “Hill climb” during SAVOR Week.
Introduced this past February, the 2019 CBMTRA would extend the $3.50/BBL excise tax reduction and expand the list of ingredients and processes that breweries could use without obtaining prior approval from the Tax and Trade Bureau (TTB). The legislation would also make it easier to transfer beer between different brewery facilities.
The bill has received overwhelming support in both the House of Representat
Source: DC Beer
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