Craft Beverage Modernization and Tax Reform Act Reaches 51 Senate Co-Sponsors

United States Senators Joni Ernst (R-IA) and Heidi Heitkamp (D-N.D.) became the 50th and 51st Senators to officially endorse the Craft Beverage Modernization and Tax Reform Act (S. 1562). This comprehensive and bipartisan bill enjoys wide support from the brewing industry and seeks to recalibrate the current federal excise tax structure for the nation’s brewers and beer importers and reform burdensome laws regulating America’s brewing industry.

“It’s been 40 years since excise tax has been reformed for American brewers. Now is the time for change,” said Bob Pease, President and CEO of the Brewers Association, the not-for-profit trade association dedicated to small and independent American brewers. “As we reach 51 co-sponsors in the Senate, the majority of both chambers of Congress have demonstrated their commitment to recalibrating the federal excise tax. Thanks to the Congressional champions who have worked across the aisle to support the brewers who are significantly contributing to culture and economy. When passed, this legislation would enable thousands of small businesses in every state and congressional district to continue to reinvest in their businesses and create jobs.”

The American beer industry supports 1.75 million jobs, contributes nearly $79 billion in wages and benefits each year to American families, and generates $253 billion for the U.S. economy.

“Beer lifts us up beyond partisanship, and I want to thank the broad coalition of members of Congress from across the country and from both sides of the aisle for supporting this commonsense legislation that will provide much-needed relief to America’s brewers and beer importers,” said Jim McGreevy, President and CEO of the Beer Institute, which represents brewers, beer importers and supply industries. “Now that a majority of both the House and the Senate support the legislation, we look forward to Congress taking up the bill and moving it to President Obama’s desk to become law.”

The Beer Institute and the Brewers Association are collaborating closely to pass the bill, which was introduced in the Senate by Senators Ron Wyden (D-OR) and Roy Blunt (R-MO). The House companion bill (H.R. 2903), introduced by Representatives Erik Paulsen (R-MN) and Ron Kind (D-WI), has received official support from 283 members of the House of Representatives. A complete list of Craft Beverage Modernization and Tax Reform Act co-sponsors in the Senate can be found here and the House here.

Specific provisions of the bill include:

The Beer Institute is a national trade association for the American brewing industry, representing both large and small brewers, as well as importers and industry suppliers. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal Connect with us @BeerInstitute and on Facebook.

The Brewers Association is the not-for-profit trade association dedicated to small and independent American brewers, their beers and the community of brewing enthusiasts. The BA organizes events including the World Beer Cup®, Great American Beer Festival®, Craft Brewers Conference & BrewExpo America®, SAVOR: An American Craft Beer & Food Experience, AHA National Homebrewers Conference, National Homebrew Competition and American Craft Beer Week®. The BA publishes The New Brewer magazine and its Brewers Publications division is the largest publisher of contemporary and relevant brewing literature for today’s craft brewers and homebrewers.

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