The bill reduces excise taxes, compliance burdens, and regulations on the craft beverage industry.
U.S. Senator Roy Blunt (R-Mo.) introduced the Craft Beverage Modernization and Tax Reform Act to ease restrictions on small beverage brewers in the country. The bill reduces excise taxes, compliance burdens, and regulations on the craft beverage industry.
“I’m proud that Missouri is home to many of the nation’s top craft beverage makers,” Blunt said. “This is an industry driven largely by small business men and women, and the last thing Washington should do is get in the way. This bipartisan bill will help remove barriers to growth for brewers, distillers, and winemakers, making it easier for them to create new jobs and bolster our state’s economy.”
According to the Brewers Association, the bill would reduce federal excise taxes to $3.50 per barrel on the first 60,000 barrels for domestic brewers producing fewer than two million barrels annually and reducing the excise tax to $16 per barrel on the first six million barrels for other brewers.
The Brewers Association supports the bill — a reincarnation of past bills with similar goals.
Blunt introduced the bill in conjunction with Sen. Ron Wyden (D-Ore.) and Reps. Erik Paulsen (R-Minn.) and Ron Kind (D-Wis.) in the House of Representatives.