Last night, Congress passed a $900 billion Covid relief bill in which Senators had a tucked in few extraneous goodies, including making permanent a beer tax cut passed three years ago:
Securing permanent federal excise tax recalibration for small brewers has been a top priority for the Brewers Association since 2009. The temporary lower rates were due to expire on December 31 unless Congress extended them or made them permanent. “Inclusion of the Craft Beverage Modernization and Tax Reform Act (CBMTRA) in the year-end legislation is the direct result of the hard work and efforts of the Brewers Association, state guilds, and our member breweries,” said Bob Pease, president and CEO, Brewers Association. “Thank you to everyone for a true community grassroots effort, and to our legislative champions in Congress.”
Want to read more? Please click… HERE!!!