Craft Brewers, Distillers, Vintners Ask for Lobbying on Behalf of Tax Break
The Craft Beverage Modernization and Tax Reform Act, a temporary reduction in excise taxes for smaller alcoholic beverage producers, is set to expire at the end of the year (see 2011300054) and the CBMTRA coalition is asking companies and consumers…
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to call Congress and ask for an extension of the tax break. “This year has been incredibly difficult for craft distillers, vintners, brewers, cider makers and mead makers due to COVID-19. These businesses had to make incredibly difficult decisions like closing tasting rooms, stopping production and furloughing staff. A drastic tax hike at the stroke of midnight on December 31 will be a devastating start to the new year for these small businesses that are already struggling to keep their doors open,” the trade groups said.