WASHINGTON, D.C. – Representative Mike Kelly (R-PA) and Representative Ron Kind (D-WI) introduced the Craft Beverage Modernization and Tax Reform Act Wednesday along with several of their colleagues.
Similar legislation, S. 362, was introduced in the Senate by Senators Ron Wyden (D-OR) and Roy Blunt (R-MO). Kelly is co-chair of the House Small Brewers Caucus with Representative Peter DeFazio (D-OR).
The bill would make permanent the Tax Cuts and Jobs Act’s (TCJA) excise tax reduction on breweries, wineries, and distilled spirits producers. TCJA, a landmark tax reform bill passed during the 115th Congress, has led to unprecedent economic growth and job creation. This legislation will build on the success of TCJA by ensuring these small businesses can continue growing, hiring, and producing American made products.
“Pennsylvania has a long history in the craft beverage industry, particularly in the production of beer,” said Kelly. “The Commonwealth produces more barrels of beer than any other state. These small businesses throughout America exemplify the American dream and our country’s spirit of entrepreneurship. The Tax Cuts and Jobs Act gave them much needed relief from our previously burdensome tax code. When I toured many of our local breweries last year, I saw first-hand the how these small businesses are using their tax savings to upgrade their equipment and hire additional staff. The bipartisan Craft Beverage Modernization and Tax Reform Act will ensure these pillars of our local communities continue to benefit from tax reform.”
The bill has wide bipartisan and bicameral support. During the 115th Congress, it had 303 co-sponsors, signaling strong potential for passage in the House and Senate during the 116th Congress.
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