House Passes FET Reduction Bill, Now Heads to Senate

Dear Client: Good news on the federal excise tax reduction front. Last night, legislators attached the Craft Beverage Modernization and Tax Reform Act (CBMTRA) to a year-end tax package, to extend FET reduction for one year. This afternoon, the House passed the bill.  But don't break out the champagne just yet. The bill now heads to the Senate for review and then it will move to the President's desk to be signed into law. Recall, the CBMTRA is set to expire by