Print this Page

Forgot Password?

Like Spirits?

Like DISCUS on Facebook

Stay updated on the latest issues impacting the spirits industry. The DISCUS Facebook page contains news clips, action alerts and opportunities to get involved. Like us now!

read more

There's no beverage of moderation, only the practice of moderation.

Understanding Moderation

Part of responsible drinking is understanding that a standard drink of beer, distilled spirits and wine each contains the same amount of alcohol. It's not what you drink, it's how much that counts.

read more

There's no beverage of moderation, only the practice of moderation.

Committed to Responsibility

For more than 75 years, the spirits industry has adhered to a rigorous set of standards for beverage alcohol advertising and marketing. Click here to learn more about the Code.

read more

Distilled Spirits Council Lauds Tax Reform’s Federal Excise Tax Reduction on Beverage Alcohol

December 20, 2017 09:01 AM

The Distilled Spirits Council today issued the following statement from Council President & CEO Kraig R. Naasz on congressional passage of a two-year version of the Craft Beverage Modernization and Tax Reform Act as included in the comprehensive tax reform package, the Tax Cuts and Jobs Act.

“The Distilled Spirits Council commends U.S. House and Senate leaders and their colleagues for approving the Craft Beverage Modernization and Tax Reform Act as part of the Tax Cuts and Jobs Act.  This legislation reduces the federal excise tax on distilled spirits producers for the first time since the Civil War, which will enable the more than 1,300 operating distilleries nationwide to re-invest in their businesses and stimulate job growth in their communities.

“Supported by 303 cosponsors in the House and 54 cosponsors in the Senate, this landmark legislation creates a more equitable tax structure for distillers, brewers, winemakers and importers of beverage alcohol by equalizing the federal excise tax on spirits, beer and wine for the first 100,000 proof gallons.  It also provides for the same in-bond treatment of spirits transferred in bottles as for beer and wine and exempts the spirits aging process from interest expense capitalization rules.

“We look forward to working with the U.S. Department of Treasury’s Tax and Trade Bureau to implement these important tax provisions as soon as the President signs this legislation into law.”

 

 

Back

 
© 2018 Distilled Spirits Council of the United States | Equal Opportunity Employer
The Distilled Spirits Council of the United States, Inc., prohibits discrimination in its programs on the basis of race, religion, national origin, age, gender, disability, or other protected status.