Category Archives: Taxes

House Approves Tax Reform Legislation, Senate Poised to Act

Posted on December 19, 2017 by Joel Whitaker

No surprise: The House of Representatives, as expected, passed the Republican’s tax reform bill. It will create new winners and losers, but one thing is certain: For at least two years, bev/al producers will benefit from reductions in the federal excise tax on beer, wine and spirits. That assumes the bill actually becomes law.
The Senate is expected to pass the measure later today. Then, tomorrow, the House is likely to vote on the measure again because the House version violates some Senate rules.
Continue reading →

Posted in Taxes | Tagged | Comments Off on House Approves Tax Reform Legislation, Senate Poised to Act

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

Posted in beer, Spirits, Tax Reform, Taxes, Wine | Tagged , , , | Comments Off on Bev/Al Leaders Praise Passage of Senate Tax Reform Package

House Passes Tax Plan, Doesn’t Include Craft Bill

Posted on November 20, 2017 by Donna Whitaker

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

WSWA Backs Senate Bill

Posted on November 20, 2017 by Donna Whitaker

With the House having completed its tax reform bill, attention is shifting to the Senate, and Wine & Spirits Wholesalers of America praised the Senate measure, saying it “will benefit

Posted in Craft Beverage Modernization and Tax Reform Act, Tax Reform, Taxes, WSWA | Tagged , | Comments Off on WSWA Backs Senate Bill

Senate Tax Bill Includes Relief for Craft Beverage Producers

Posted on November 20, 2017 by Donna Whitaker

As we went to press, the House was in the midst of a four-hour debate on the Republican tax bill.  Meanwhile, across the Capitol in the Senate, Sen. Rob Portman (R-Ohio) succeeded in inserting the

Posted in Craft Beverage Modernization and Tax Reform Act, Tax Reform, Taxes | Tagged , | Comments Off on Senate Tax Bill Includes Relief for Craft Beverage Producers

All Income Groups See Cut in Taxes Under Senate Plan

Posted on November 20, 2017 by Donna Whitaker

All income groups on average would see their taxes go down under Senate Republicans’ tax bill, according to Congress’s tax scorekeeper.

Posted in Tax Reform, Taxes | Comments Off on All Income Groups See Cut in Taxes Under Senate Plan