Congress Passes Tax Cut Bill, Smoothing Path for Lower Alcohol Excise Taxes Through 2019
The Senate and House passed sweeping tax legislation on Dec. 20, sending the bill to the White House for signature. H.R. 1 would cut excise taxes on beer, wine and distilled spirits in 2018 and 2019, and relax requirements for…
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beer and spirits to avoid tax liability when transported in bond. The White House didn’t immediately comment on when President Donald Trump might sign the legislation. H.R. 1 “represents an extraordinary victory for American families, workers, and businesses,” Trump said in a statement. “By cutting taxes and reforming the broken system, we are now pouring rocket fuel into the engine of our economy.”