Implications of the Craft Beverage Modernization and Tax Reform Act

February 14th, 2019 • by David Oksenhorn and Paul Leone

Implications of the Craft Beverage Modernization and Tax Reform Act

• by David Oksenhorn and Paul Leone

The Craft Beverage Modernization and Tax Reform Act (CBMTRA) of 2017 gave the craft brewing industry a lift by temporarily lowering the federal excise tax for breweries, wineries, and distilled spirit producers.  The act took effect on January 1, 2018, and is currently set to expire on December 31, 2019. But on February 6, U.S. […]