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 website.