In a move that would have wide-ranging effects on the beer industry, President Donald Trump yesterday announced plans to implement a 10 percent tariff on imported aluminum. The move comes weeks after the Commerce Department recommended tariffs on aluminum and steel as a national security precaution, citing the nation’s inability to build military weapons without foreign steel and aluminum.
The U.S. Congress voted along party lines to pass the Republicans’ $1.5 trillion rewrite of the federal tax code, which includes two years of excise tax relief for alcohol producers and importers. The bill now heads to President Donald Trump, who is expected to sign it into law before the end of the week.
The United States Senate passed a sweeping tax reform bill early Saturday morning that includes a number of changes to the tax code and benefits alcohol producers. With a vote of 51-49 today, the Senate passed H.R. 1, the “Tax Cuts and Jobs Act,” which is the largest tax overhaul in 31 years and includes the Craft Beverage Modernization and Tax Reform Act (CBMTRA).
A majority of U.S. senate members now support legislation that would reduce excise taxes on all brewers and importers. According to a press release jointly produced by six beverage lobbying groups, including the Beer Institute and the Brewers Association, 51 senators have co-sponsored Senate Bill 236, known as the Craft Beverage Modernization and Tax Reform Act (CBMTRA).
The Brewers Association this week announced that it would no longer allow large brewing companies and brewery groups to purchase featured sponsorships at the Great American Beer Fest, held annually in Denver, Colorado.
In this week’s edition of Last Call: North Carolina brewers claim Anheuser-Busch receives favoritism from the state’s wholesalers; Fiddlehead opens a new production facility; the Brewers Association announces committee assignments; and more.
The Craft Beer Attorney Coalition (CBAC) is proud to announce that our Mississippi state member, Matthew McLaughlin of McLaughlin, PC and the Mississippi Brewers Guild was awarded the 2017 Brewers Association F.X. Matt Defense of the Craft Brewing Industry Award at the annual Craft Brewers Conference that took place April 11th-13th in Washington, D.C.