As we wrote about earlier this month, the Tax Cuts and Jobs Act (H.R. 1) passed late last year included significant, temporary federal excise tax relief for wine, beer and spirits businesses for 2018 and 2019. Unfortunately, in an apparent oversight of legislative drafting, the wine excise tax relief (provided in the form of
Tax Cuts and Jobs Act Includes Tax Relief for Wine, Beer and Spirits Businesses
Included in the Tax Cuts and Jobs Act (H.R. 1) passed in late December were “Craft Beverage Modernization and Tax Reform” provisions that, among other things, reduced federal excise taxes for wine, beer and spirits businesses. These reductions expire at the end of 2019 unless extended by future legislation. While these changes may not have