November 15, 2017

HIDDEN IN THE SENATE TAX BILL: Surprise Gifts for Breweries and Start-Ups.

The Senate amendment included apparent victories for the Brewers Association, including a temporary reduction in the excise taxes levied on beer. The “CRAFT beverage modernization” provision, introduced by Senator Rob Portman of Ohio, would lower the tax rate on beer produced in the United States, particularly for small breweries. The amendment will lower the tax on beer to $16 per barrel on the first six million barrels brewed and lower it to $3.50 per barrel for small brewers on the first 60,000 barrels produced domestically.

They had me at beer.

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