Articles Tagged with 'Legislative'

US Senate Passes Tax Bill, Approves Tax Breaks for Booze Makers

US Senate Passes Tax Bill, Approves Tax Breaks for Booze Makers

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).

Proposed Senate Tax Bill Would Benefit Brewers

Proposed Senate Tax Bill Would Benefit Brewers

For the first time ever, beer excise tax reductions have been included in a comprehensive federal tax reform proposal. On Tuesday night, U.S. Senate Finance Committee chairman Orrin Hatch (R-Utah) released a “Chairman’s Mark” to the Senate GOP’s version of the Tax Cuts and Jobs Act.