Category Archives: Tax Reform

Jordan Winery Gives $1,000 Bonuses in Response to Tax Cut Bill

Posted on January 3, 2018 by Donna Whitaker

John Jordan, owner of Jordan Winery in Sonoma County said he gave all eligible winery employees a $1,000 bonus as a result of

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Senate OKs Tax Reform Bill; Spirits Council Praises 1st Spirits Tax Cut Since the Civil War

Posted on December 20, 2017 by Donna Whitaker

Shortly after midnight the Senate passed the tax overhaul bill, 51-48.   The measure, which provides significant cuts in the federal excise tax on beer, wine and spirits, will return to the House for a final vote today.

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How Tax Bill Will Benefit Brewers, Distillers, Vintners

Posted on December 19, 2017 by Donna Whitaker

A winery could receive a maximum tax credit of $451,700 in 2018 and 2019.  A brewery would see its excise tax bill slashed to $7 a barrel on the first 60,000 barrels produced, and a small brewer

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Bev/Al Leaders Praise Passage of Senate Tax Reform Package

Posted on December 5, 2017 by Donna Whitaker

The measure, which now goes to a House-Senate conference committee, provides a 50% reduction in federal excise tax on domestic brewers and distillers who produce less than 60,000 barrels a year.  Larger suppliers also get the reduced rate on their

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Top Bev/Al Lobbyists Urge Inclusion of Craft Bill in Tax Law

Posted on November 28, 2017 by Donna Whitaker

In a letter to the top members of the House Ways & Means Committee and the Senate Finance Committee, the Beer Institute, Brewers Association, Wine Institute, Wine America, Distilled Spirits Council and American Craft Spirits Association urged the Craft Beverage … Continue reading →

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Senate Finance Panel OKs Tax Reform, Includes FET Cuts

Posted on November 20, 2017 by Donna Whitaker

Late last night, the Senate Finance Committee passed the Tax Cuts and Jobs Act, which includes significant reductions in the federal excise tax on beer, wine and spirits for two years.

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