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Craft Beverage Excise Tax – Legislative update

By Jessica Brady | December 21, 2020

The comprehensive omnibus appropriations and COVID-19 stimulus package announced by Congressional leaders includes permanence for the Craft Beverage Modernization and Tax Reform Act (S. 362/ H.R. 1175), which provides significant tax benefits for the wine, spirits and beer industry. 

The House and Senate are expected to vote on the legislation on today.

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