News & Analysis as of

Distilleries Excise Tax

McDermott Will & Emery

2022 TTB Industry Circular 1: Consignment Sales

Each year the Alcohol and Tobacco Tax and Trade Bureau (TTB) issues “Industry Circulars” that apply statutory or regulatory requirements to a “specific circumstance or set of facts” or restate existing requirements. TTB also...more

Husch Blackwell LLP

Excise Tax Reduction For Spirits Made Permanent Under CBMTRA

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In December 2020, the US Congress voted to pass, and the President signed, the long-awaited Craft Beverage Modernization and Tax Reform Act (“CMBTRA”), making permanent the reduction in the federal excise tax (“FET”) rate...more

Davis Wright Tremaine LLP

Reminder to TTB Permittees (Wineries, Breweries, Distilleries, and Importers)

Postponed TTB reports and tax filings are now or will soon be due. On March 31, 2020, the TTB postponed most filings and excise tax payments for 90 days to provide relief for alcohol permitted businesses affected by the...more

Davis Wright Tremaine LLP

TTB, OLCC, WSLCB, CA ABC Alcohol Tax and Reporting - COVID-19

In the wake of the COVID-19 pandemic, state and federal agencies are stepping up to provide tax and reporting relief for wineries, breweries, and distilleries. Below is an overview of how the TTB and California, Oregon, and...more

Lowndes

Lowndes Client Corner Podcast Episode 5 - Winter Park Distilling Company Brews One-Of-A-Kind Facility in Winter Park

Lowndes on

Dan McIntosh talks with Andrew Asher and Paul Twyford, founders of the Winter Park Distilling Company, a Central Florida distiller of spirits, including Dog Island Rum, Genius Vodka and Bear Gully Classic Whiskey. Andrew and...more

McDermott Will & Emery

TTB Publishes New Nonbeverage Product Formula Form

McDermott Will & Emery on

On August 12, 2019, the Alcohol and Tobacco Tax and Trade Bureau (TTB) published its updated Formula and Process for Nonbeverage Product, TTB Form 5154.1. The Nonbeverage Product approval process is critical to obtain...more

Holland & Hart LLP

Five Tips for Starting Your New Brewery

Holland & Hart LLP on

So you decided to start a brewery—that’s awesome. You’re in good company. The number of craft breweries in the U.S. has ballooned in the past decade, growing 322% from 1,500+ in 2007 to almost 6,400 in 2017. Whether your...more

Sherman & Howard L.L.C.

TTB Gives Initial Guidance on Excise Tax Cuts

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has set up a Craft Beverage Modernization and Tax Reform website to provide industry members more information on how the TTB will implement portions of the Tax Cuts and Jobs...more

Williams Mullen

New Tax Bill Includes Significant Changes to Federal Alcohol Excise Taxes

Williams Mullen on

On Wednesday, December 20, 2017, Congress passed H.R. 1, commonly known as the Tax Cuts and Jobs Act (the “Act”), and President Trump signed the Act into law on Friday, December 22nd. The Act makes significant changes to...more

McDermott Will & Emery

Excise Tax Relief for Breweries, Wineries and Distilleries

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The new tax law formerly referred to as the Tax Cuts and Jobs Act of 2017, provides a temporary reduction in alcohol beverage excise taxes for US brewers, winemakers, distillers and beverage importers. Temporary tax relief is...more

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