Tag Archives: tax

The Craft Beverage Modernization and Tax Reform Act

In late 2017, Congress passed legislation including a two-year provision of the Craft Beverage Modernization and Tax Reform Act (CBMTRA). This lowered the federal excise tax (FET) for breweries, wineries, and distilled spirits producers for a period of two years. It is set to expire on Dec. 31, 2019. Read More…