A bill was recently introduced in Congress that would substantially reduce the tax burden on small and craft brewers that produce less than 6 million barrels of beer in a calendar year. Currently, the TTB taxes all barrels at the rate of $18/barrel. The proposed amendment would lower the tax to $3.50 for the first 60,000 qualified barrels, and then to $16 for 1,940,000 barrels. The first 2 million barrels would be taxed at the substantially reduced rate. The bill was introduced by bipartisan members of Congress who admitted that the federal excise taxes are outdated and put a substantial burden on small brewers. The hope is that the tax relief will help the continued expansion of the craft brewery boom and help the small businesses add jobs and grow.
The text of the proposed bill can be found here: http://paulsen.house.gov/uploads/Small%20BREW%20ACT3.pdf
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