“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.”
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Background:
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.