There’s a chance that – for the first time since the Civil War – excise taxes may be reduced, thanks to the Craft Beverage Modernization Act.
To help move from” chance” to “certainty,” Distilled Spirits Council members will call their congressmen Nov. 2 to urge passage of the Craft Beverage Modernization and Tax Reform Act,” said Frank Coleman, senior vp. “Our distillers have been meeting with their representatives throughout the year, and this timely push will help to ensure that federal excise tax reduction is included in any tax reform discussion,” he said. “The legislation currently enjoys 52 sponsors in the U.S. Senate and 285 sponsors in the U.S. House of Representatives.
Working with the Beer Institute, Wine Institute, American Craft Spirits Association, WineAmerica and Brewers Association, Distilled Spirits Council said it is committed to ensuring lower tax rates apply to both domestic producers and importers of distilled spirits, beer and wine, regardless of size. This would mark the first time that taxes on distilled spirits were reduced since the Civil War. It would benefit the nation’s growing distilling sector, along with hospitality, agriculture and tourism by creating new jobs and economic development.