Category Archives: Taxes

Stone Brewery to Pay $1.8 Million to Settle Tax Issues

Posted on March 16, 2021 by Joel Whitaker

Alcohol & Tobacco Tax & Trade Bureau accepted a $1.8 million offer-in-compromise from Stone Brewing Co., Escondido, Calif. TTB alleged Stone: Underpaid taxes, including misapplication of reduced tax rates, non-payment of excise taxes on inventory shortages, non-payment of excise taxes … Continue reading →

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Oregon Mulls ‘Unfathomable’ Jump in Liquor Markup.

Posted on March 15, 2021 by Joel Whitaker

The Oregon Legislature is considering an immediate 20% increase in the markup on distilled spirits and would adjust the markup each year to account for inflation. “It’s unfathomable that legislators would increase taxes on responsible spirits consumers and hospitality businesses … Continue reading →

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Senate OKs $900 Billion Covid Relief Package Making Lower FET Rates Permanent, Restoring Business Meal Deduction

Posted on December 22, 2020 by Joel Whitaker

The Senate passed, 92-6, a $900 billion Covid relief bill along with a $1.4 trillion spending bill to fund the government through September.  President Trump is expected to sign it, the White House said. Buried in the 5,593-page piece of … Continue reading →

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Congress Aids Restaurants, Restores Full Meals Deduction

Posted on December 21, 2020 by Joel Whitaker

The final vote hasn’t happened yet, but Congress has agreed to include the Meals Deduction in the Covid relief bill it is currently debating. In a statement, Michael Bilello, senior vp, Wine & Spirits Wholesalers of America, called the action “a … Continue reading →

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

Posted on November 30, 2020 by Joel Whitaker

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 →

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10,000 Craft Spirits Workers Face Loss of Jobs in Tax Relief Isn’t Extended

Posted on November 18, 2020 by Joel Whitaker

Nearly 10,000 craft distiller employees will lose their jobs if the Craft Beverage Modernization and Tax Reform Act (CBMTRA) isn’t passed.  Failure to renew the lower tax rates included in the measue will also result in a 40% reduction in … Continue reading →

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