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Tax Reform Beer

McDermott Will & Emery

The Tax Implications of Purchasing Craft Producers in the First Half of a Year

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If a large beverage company is considering purchasing or selling a craft beverage producer, it’s essential to understand how the craft producer may lose its earlier eligibility for reduced tax rates under the Craft Beverage...more

Stikeman Elliott LLP

Canada’s 2022 Federal Budget: Commodity Tax Measures

Stikeman Elliott LLP on

On April 7, 2022, the Government of Canada unveiled its 2022 federal budget (“Budget 2022”) and announced certain important commodity tax measures. Budget 2022 includes proposed amendments to past proposals, as well as some...more

Brooks Pierce

North Carolina Legislative Update - May 2019 #4

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Senate appropriators worked on the budget bill behind closed doors this week and both houses considered a variety of bills prior to leaving for the Memorial Day holiday. Budget Bill (H966) - After passing the House on...more

Holland & Hart LLP

Utah Legislative Update: Session Review

Holland & Hart LLP on

The Utah Legislature adjourned at 11 p.m. on March 14th – a full hour before their hard stop midnight deadline. The Legislature passed a record 574 bills this year, which is a bit of a surprise when several weighty issues...more

McDermott Will & Emery

Customs and Border Protection Interim Regulations for Refunds of Excise Taxes on Imported Beer, Wine and Spirits

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US Customs and Border Protection (CBP) expects to publish tomorrow Interim Regulations authorizing the refund of beer, wine, and spirits excise taxes in connection with the 2017 tax reform act’s reduced rates and credits...more

McDermott Will & Emery

TTB Publishes Additional Tax Act Guidance on 5010 Wine and Flavor Credits

McDermott Will & Emery on

On March 23, 2018, TTB published additional Tax Act guidance on its website. Three new clarifications address the interaction of the new Tax Act rates/credits with the wine and flavor credits available under 26 U.S.C. § 5010....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

Burr & Forman

Toasting Tax Reform’s Impact on Brewers, Vintners, Distillers and Distributors

Burr & Forman on

In addition to the more publicized portions of the recent tax legislation, certain provisions also positively impact your favorite local craft brew, regional small batch wine or even a locally distilled alcoholic beverage....more

Bradley Arant Boult Cummings LLP

Congress Overhauls Excise Taxes for Alcohol Producers

Brewers, vintners and distillers across the country raised their glasses as Congress passed the Tax Cuts and Jobs Act and, with it, the Craft Beverage Modernization and Tax Reform Act of 2017. The Craft Beverage Tax Reform...more

Ward and Smith, P.A.

Cheers! Brewers Will Have Reason to Toast if Proposed Tax Changes Become Law

Ward and Smith, P.A. on

Much press has been given to recent efforts in Congress to reform the federal tax code. The House and the Senate have each proposed their own bills to amend the tax laws, and congressional leaders are fervently trying to...more

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