Mirroring the beer provisions of the Craft Beverage Modernization and Tax Reform Act from the 114th Congress (S. 1562/H.R 2903), which garnered 52 bipartisan cosponsors in the U.S. Senate and 289 Republicans and Democratic cosponsors in the House of Representatives, this legislation:
- Reduces the federal excise tax to $3.50 per barrel on the first 60,000 barrels for domestic brewers producing fewer than 2 million barrels annually.
- Reduces the federal excise tax to $16 per barrel on the first 6 million barrels for all other brewers and all beer importers.
- Keeps the excise tax at the current $18 per barrel rate for barrelage over 6 million.
- Expands the list of ingredients that could be automatically included in beer without federal government approval.
Other original cosponsors of the Craft Beverage Modernization and Tax Reform Act in the Senate include Senators Tammy Baldwin (D-WI), Michael Bennet (D-CO), Shelley Moore Capito (R-WV), Tom Carper (D-DE), Bob Casey (D-PA), Cory Gardner (R-CO), Jerry Moran (R-KS), Rob Portman (R-OH), Pat Roberts (R-KS), and Debbie Stabenow (D-MI).
Representatives Mark Amodei (R-NV), Earl Blumenauer (D-OR), Peter DeFazio (D-OR), Tom Emmer (R-MN), Mike Kelly (R-PA), Patrick McHenry (R-NC), Dan Newhouse (R-WA), Chellie Pingree (D-ME), David Reichert (R-WA), Mike Thompson (D-CA), and Pat Tiberi (R-OH) also joined as original cosponsors in the House of Representatives.
The Beer Institute is a national trade association for the American brewing industry, representing both large and small brewers, as well as importers and industry suppliers. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal responsibility: www.BeerInstitute.org. Connect with us @BeerInstitute and on Facebook.
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SOURCE Beer Institute