CBMTRA Reintroduced in the Senate, to Extend Excise Tax Relief

Dear Client: The excise tax relief that our nation's breweries, distilleries, wineries, and cideries currently enjoy, thanks to Congress passing the Craft Beverage Modernization and Tax Reform Act in December 2017, is set to expire as soon as 2020 rolls around. A broad group of trade associations representing bev alc suppliers are giving it everything they got to ensure this relief is permanent, or at least extended. Today, the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was reintroduced in