Craft brewers and importers will not face a $130m tax increase in 2020 thanks to a one-year extension of relief from the the Craft Beverage Modernization and Tax Reform Act.
The Craft Beverage Modernization and Tax Reform Act (CBMTRA) is back in the US Senate with bipartisan support after first being introduced in 2015. Senators Ron Wyden (D-OR) and Roy Blunt (R-MO) are co-sponsoring the bill to “level the playing field for...