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Why the Brewers Association Supports the Republican Tax Bill

At the beginning of the 115th Congress, the Brewers Association (BA) was able to successfully lobby for the introduction of the Craft Beverage Modernization and Tax Reform Act (CBMTRA). Among other changes, the CBMTRA would lower the federal excise tax on the first 60,000 barrels (BBLs) produced by a craft brewery from $7/BBL to $3.50/BBL, simplify certain accounting requirements for breweries, and allows breweries that collaborate on a beer to transfer that product between their facilities without having to pay additional taxes.

As the legislative process for the Republican tax bill progressed, the provisions of the CBMTRA were included in the Senate version of the larger tax bill. Now the passage of those provisions for craft breweries hinges on the conference process and the passage and signing of the larger Republican tax bill. While the CBMTRA itself enjoyed wide bipartisan support, including 55 co-sponsors in the Senate and 301 co-sponsors in the House of Representatives, the ove

Source: DC Beer

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