Craft Beverage Excise Tax Legislation passes Congress!
The omnibus appropriations and COVID-19 stimulus package passed by the House and Senate included legislation to make the tax reductions from the Craft Beverage Modernization Tax Reform Act (CBMATRA) permanent. The next step is for the legislation to be signed into law. Key highlights of the tax reductions are recapped in this press release from the Wine Institute.
Our shipping partner Hillebrand has reached out to the US Customs & Border Patrol to inquire if the legislation will include any procedural changes. More information on how Hillebrand can help you file your CBMA filings is provided on their website here.