Statement by Distilled Spirits Council of the United States President & CEO Chris Swonger in Response to the Inclusion of a One-Year Extension of the Craft Beverage Modernization and Tax Reform Act in the Year-End Legislative Package
“We are thrilled that lawmakers included a one-year extension of the federal excise tax reduction for distillers in the year-end legislative package. While not yet a done deal, this is a significant relief for craft distillers across the country who were facing a 400 percent tax increase beginning January 1. We will continue to urge Congress to do the right thing, support small businesses and pass this critical piece of legislation.”
Introduced by Senators Ron Wyden (D-Ore.) and Roy Blunt (R-Mo.) and by Representatives Ron Kind (D-Wis.) and Mike Kelly (R-Pa.), the legislation includes reforms enacted in 2017 that create a fair and equitable tax structure for brewers, winemakers, distillers and importers of all beverage alcohol. Under the legislation released, the federal excise tax reduction would expire on Dec. 31, 2020.