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Craft Beverage Modernization and Tax Reform Act tops 100 co-sponsors in the House

October 19, 2015Keith Gribbins

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Not only would this legislation recalibrate excise taxes, it would ease a number of burdens for brewers, including simplifying label approvals and repealing unnecessary inventory restrictions.

It’s the tax bill everyone seems to like — craft brewers represented by the Brewers Association, Big Beer interests represented by the Beer Institute and even Congress (and they don’t like anything). In fact, the comprehensive reform bill known as the Craft Beverage Modernization and Tax Reform Act (H.R. 2903), aimed at fostering economic development and job growth in the brewing industry overall, reached a major milestone recently when it added its 100th co-sponsor since its introduction this summer.

Rep. Grace Napolitano (D-CA) was officially the 100th lawmaker to add her name to H.R. 2903 on Oct. 7, just after Rep. Tim Ryan (D-OH) became the 99th co-sponsor. Reps. John Conyers (D-MI), Ander Crenshaw (R-FL), Sam Johnson (R-TX), Zoe Lofgren (D-CA), Kenny Marchant (R-TX), Ileana Ros-Lehtinen (R-FL) and Dennis Ross (R-FL) have added their names to the effort since the milestone was met, and leaders from the beer industry say their recruitment effort is just getting started.

“Right now, tax is the most expensive ingredient in beer,” explained Jim McGreevy, president and CEO of the Beer Institute, which says its represents brewers, beer importers and supply industries. “This common-sense legislation is about fostering economic expansion as it benefits brewers and importers – big and small, upstart and established.”

If enacted, McGreevy said the legislation could create an additional $320 million in economic growth in an industry that today supports more than 1.75 million U.S. jobs and generates nearly $253 billion in economic activity.

“The outdated tax code is placing an undue burden on craft brewers and it is acting as a barrier to continued growth for brewers of all sizes,” said Bob Pease, CEO of the Brewers Association, a not-for-profit trade association dedicated to small and independent American brewers. “On behalf of the thousands of small and independent craft breweries doing business and creating jobs all over the country, we thank everyone in Congress who is supporting this important bill.”

Knowledge is power: Four top craft beer professionals share their political insights. Read it!

The Beer Institute and Brewers Association are working closely together to pass the bipartisan legislation, which was introduced in the House by Reps. Erik Paulsen (R-MN) and Ron Kind (D-WI) and has also won endorsements from the Can Manufacturers Institute and the National Barley Growers Association.

Provisions of the bill include:

  • Reduces the federal excise tax to $3.50 per barrel on the first 60,000 barrels (bbls) for domestic brewers producing fewer than 2 million bbls annually.
  • Reduces the federal excise tax to $16 per bbl on the first 6 million bbls for all other brewers and all beer importers.
  • Keeps the excise tax at the current $18 per bbl rate for barrelage over 6 million.

Its companion bill in the Senate (S. 1562) introduced by Senators Ron Wyden (D-OR) and Roy Blunt (R-MO), already has 22 co-sponsors including Senators Ron Johnson (R-WI), Chuck Grassley (R-IA) and Tom Carper (D-DE) who joined the bill last week.

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Reader Interactions

Comments

  1. BevTax says

    October 22, 2015 at 7:32 am

    RT @SCBrewers: The Craft Bev Tax Reform Act seeks to cut taxes on brewers has 100 co-sponsors in the House. Only 2 fromSC ???
    https://t.co/…

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  2. Matthew W. Street says

    October 21, 2015 at 10:21 pm

    Matthew W. Street liked this on Facebook.

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  3. stickabrew says

    October 21, 2015 at 4:19 pm

    RT @fsbbeer: Like craft beer? Want to see more breweries in your home town? We sure do! https://t.co/EUqu7DRPwY

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  4. fsbbeer says

    October 21, 2015 at 12:32 pm

    Like craft beer? Want to see more breweries in your home town? We sure do! https://t.co/EUqu7DRPwY

    Log in to Reply
  5. Brewery85 says

    October 21, 2015 at 11:42 am

    RT @SCBrewers: The Craft Bev Tax Reform Act seeks to cut taxes on brewers has 100 co-sponsors in the House. Only 2 fromSC ???
    https://t.co/…

    Log in to Reply
  6. SCBrewers says

    October 21, 2015 at 11:41 am

    The Craft Bev Tax Reform Act seeks to cut taxes on brewers has 100 co-sponsors in the House. Only 2 fromSC ???
    https://t.co/EOAOa4K4s9

    Log in to Reply
  7. Katie R. Stouffer says

    October 20, 2015 at 10:06 pm

    Katie R. Stouffer liked this on Facebook.

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  8. Karli Olsen says

    October 20, 2015 at 10:06 pm

    Karli Olsen liked this on Facebook.

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  9. jaime_lugo says

    October 20, 2015 at 9:05 am

    Craft Beverage Modernization and Tax Reform Act tops 100 co-sponsors in the House https://t.co/P4HErKZ70Q

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  10. BeerAgentUKSean says

    October 20, 2015 at 4:25 am

    RT @CraftBrewingBiz: Craft Beverage Modernization and Tax Reform Act tops 100 co-sponsors in House. @BrewersAssoc https://t.co/TRJ9FFqyCk

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  11. Scott Tucker says

    October 20, 2015 at 1:36 am

    Scott Tucker liked this on Facebook.

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  12. Beall Brewery Insurance says

    October 20, 2015 at 1:36 am

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  13. Chris Wright says

    October 19, 2015 at 9:22 pm

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  14. Jared Read says

    October 19, 2015 at 5:21 pm

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  15. eGrandstand says

    October 19, 2015 at 4:38 pm

    RT @CraftBrewingBiz: Craft Beverage Modernization and Tax Reform Act tops 100 co-sponsors in House. @BrewersAssoc https://t.co/TRJ9FFqyCk

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Trackbacks

  1. Craft Beverage Modernization and Tax Reform Act tops 100 co-sponsors in the House - BeerRun Software says:
    December 8, 2015 at 10:55 am

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