S 362
116th Congress
Senate
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
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2019
Read twice and referred to the Committee on Finance.
Feb 6, 2019
Introduced in Senate
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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
Read twice and referred to the Committee on Finance.
Related & companion bills
1
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
53
R
Scott, Tim
R
Cotton, Tom
D
Van Hollen, Chris
R
Paul, Rand
D
Smith, Tina
D
Schumer, Charles E.
R
Scott, Rick
R
Fischer, Deb
R
Graham, Lindsey
R
Cramer, Kevin
D
Rosen, Jacky
R
Hyde-Smith, Cindy
D
Murphy, Christopher
R
Rounds, Mike
R
Hoeven, John
R
Risch, James E.
R
Collins, Susan M.
D
Blumenthal, Richard
D
Hirono, Mazie K.
R
Young, Todd
R
Kennedy, John
R
Cassidy, Bill
R
Blackburn, Marsha
D
Coons, Christopher A.
R
Wicker, Roger F.
D
Duckworth, Tammy
I
King, Angus S., Jr.
R
Murkowski, Lisa
D
Booker, Cory A.
McSally, Martha
D
Gillibrand, Kirsten E.
R
Boozman, John
R
Daines, Steve
D
Heinrich, Martin
R
Johnson, Ron
R
Tillis, Thomas
R
Hawley, Josh
D
Shaheen, Jeanne
R
Barrasso, John
D
Cortez Masto, Catherine
D
Peters, Gary C.
D
Cantwell, Maria
D
Durbin, Richard J.
D
Klobuchar, Amy
D
Murray, Patty
R
Ernst, Joni
D
Merkley, Jeff
R
Sullivan, Dan
D
Hassan, Margaret Wood
D
Baldwin, Tammy
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Cite this page
U.S. Congress. (2026). S. 362: Craft Beverage Modernization and Tax Reform Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-362/
"S. 362: Craft Beverage Modernization and Tax Reform Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-362/.
S. 362, 116th Cong. (2026), https://openamerica.io/bill/116-S-362/.
[S. 362: Craft Beverage Modernization and Tax Reform Act of 2019](https://openamerica.io/bill/116-S-362/)