Category Archives: Craft Beverage Modernization and Tax Reform Act

Trade Groups Urge CBMTRA Passage

Chief executive officers from eight major beverage alcohol associations urged immediate passage of the bipartisan Craft Beverage Modernization and Tax Reform Act, S. 362/H.R. 1175 (CBMTRA) to keep craft distillers, brewers, vintners, cider producers and mead makers from suffering a devastating tax hike … Continue reading

Posted in Craft Beverage Modernization and Tax Reform Act | Comments Off on Trade Groups Urge CBMTRA Passage

Senators: Make Current Bev/Al Tax Rates Permanent

In a letter to Senate Majority Leader Mitch McConnell and Senate Minority Leader Charles Schumer, Sens. Ron Wyden (D-Ore.) and Rob Portman urged they act to “pass the Craft Beverage Modernization & Tax Reform Act and make the exiting federal … Continue reading

Posted in Craft Beverage Modernization and Tax Reform Act | Comments Off on Senators: Make Current Bev/Al Tax Rates Permanent

In His Own Words: Craft Distiller Tells Why Tax Act Is So Important

If you wonder why advocates from all sectors of the bev/al industry are calling their congressional representatives today to urge passage of the Craft Beverage Modernization and Tax Relief Act (CMBTRA), here’s the answer, in an interview with Jason Barrett, … Continue reading

Posted in Craft Beverage Modernization and Tax Reform Act, Taxes | Comments Off on In His Own Words: Craft Distiller Tells Why Tax Act Is So Important

41% of Craft Distillers Sales Evaporate Under Covid, 31% of Employees Furloughed

Measures taken to contain Covid-19 have cost craft distillers more than $700 million, or 41%, of their sales, Distilled Spirits Council of the U.S. President Chris Swonger announced this morning.  That’s because of tasting room closures as well as lost wholesale sales.  Craft … Continue reading

Posted in COVID-19, Craft Beverage Modernization and Tax Reform Act, Craft Beverages | Tagged , | Comments Off on 41% of Craft Distillers Sales Evaporate Under Covid, 31% of Employees Furloughed

House Passes Tax Package Extending Craft Relief

The House of Representatives passed and sent to the Senate a bill that extend the Craft Beverage Modernization & Tax Reform Act

Posted in Craft Beverage Modernization and Tax Reform Act, DISCUS | Comments Off on House Passes Tax Package Extending Craft Relief

House Passes Tax Plan, Doesn’t Include Craft Bill

The House of Representatives passed a far-reaching overhaul of the U.S. tax code, reducing the corporate tax rate to its lowest point since 1939 and cutting individual taxes for most households next year.

Posted in Craft Beverage Modernization and Tax Reform Act, Tax Reform, Taxes, WSWA | Tagged , | Comments Off on House Passes Tax Plan, Doesn’t Include Craft Bill