HR 1175
116th Congress
House
Taxation
Administrative law and regulatory procedures
Alcoholic beverages
Business expenses
Department of the Treasury
Food supply, safety, and labeling
Fruit and vegetables
Income tax deductions
Sales and excise taxes
Craft Beverage Modernization and Tax Reform Act of 2019
Introduced: February 13, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2019
Referred to the House Committee on Ways and Means.
Feb 13, 2019
Introduced in House
Plain-English summary
Craft Beverage Modernization and Tax Reform Act of 2019
This bill modifies the tax treatment of certain alcoholic beverages to
- exclude the aging period from the production period for beer, wine, or distilled spirits for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period;
- reduce excise tax rates on beer and distilled spirits;
- permit the transfer of beer between bonded facilities without payment of tax;
- increase the amount of the small wine producer tax credit and expand the categories of producers covered by such credit;
- allow an adjustment to the producer credit for hard cider; and
- modify the alcohol content limitations that apply to certain wines for tax purposes.
The Department of the Treasury must amend applicable regulations with respect to the use of wholesome products suitable for human consumption in the production of fermented beverages.
The bill also increases funding for the Alcohol and Tobacco Tax and Trade Bureau.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1