An Extra Year of Tax Relief is in Sight

Dear Client: Good news on the federal excise tax reduction front. The chief tax-writing committee in the House of Representatives, Ways and Means, wants to provide an extra year of FET relief for bev alc producers and importers. Recall the current excise tax relief that producers and importers currently enjoy is set to expire at the end of this year. Ways and Means has passed an extension that would push the reduction to the end of 2020, as part of