Craft Beverage Modernization and Tax Reform Act has been passed

Passed by Congress on December 20th, 2017 The Craft Beverage Modernization and Tax Reform Act reduces excise tax on the first 60,000 barrels to $3.50/bbl (from $7/bbl) for brewers producing less than 2 million barrels annually, and reduces the rate on the first 6 million barrels to $16/bbl (from $18/bbl) for all other domestic brewers. The changes will be in effect starting January 1, 2018. You can read more about the changes on the Brewers Association...

Read More