Cheers to Lower Federal Excise Taxes on Imports of Beer, Wine and Distilled Spirits!

Cheers to Lower Federal Excise Taxes on Imports of Beer, Wine and Distilled Spirits!

On December 22, 2017, “The Craft Beverage Modernization and Tax Reform Act” (“the Act”), was signed into law by President Trump making significant changes to the federal excise tax rates assessed on wines, distilled spirits and beer. The Act formally went into effect on January 1, 2018 and benefits the beer, wine and spirits industries […]