US Lawmakers Introduce Competing FET Reform Bills

Earlier this year, the American Craft Spirits Association (ACSA) partnered with DISCUS to work toward excise tax reform for all foreign and domestic spirits producers [see WSD 03-27-2015 ]. Today, the trade groups announced they have found sponsors for their bill: Representatives Todd Young (Indiana) and John Yarmuth (Kentucky). The congressmen have introduced the Excise Tax Reform Act of 2015 (HR2520), which would lower the current tax rate of $13.50 per proof gallon to $2.70 per proof gallon on the