Tax Extenders, Including Craft Beverage, Become Law

President Donald Trump signed the bills funding the federal government through Sept. 30, along with a tax extenders package, before leaving Washington for Florida the evening of Dec. 20. The tax extenders included a provision that will continue the alcohol excise tax break in the Craft Beverage Modernization Act through the end of 2020 (see 1912170067). The Beer Institute hailed the extension with a press release that quoted Dan Kopman, CEO of Heavy Seas Beer in Baltimore, Maryland. “Excise tax relief has given brewers and beer importers of all sizes across the nation the ability to expand and grow, and I urge members of Congress to work together in the new year to make the excise tax rates in the Craft Beverage Modernization and Tax Reform Act permanent.”