Bills have recently been introduced in both the House and Senate that would reform taxes owed by craft beer producers.
- Reduce federal excise tax to $3.50 per barrel up to 60,000 barrels for domestic brewers producing less than 2 million barrels annually
- Reduce federal excise tax to $16 per barrel up to 6 million barrels for all other brewers and importers
- Maintain the $18 per barrel federal excise tax for producers over 6 million
The bills have received welcome praise by the Brewers Association.
Unfortunately, there is probably quite some time (at least a year) until the bills are passed and sent to the President for a signature, but tax relief on the horizon is good news for craft brewers who would rather spend money directly on the brewery instead of giving it to Uncle Sam.