The Craft Beverage Modernization and Tax Reform Act (CBMTRA) reached 50 percent support in the U.S. Senate today, with 51 co-sponsors to date.
The bipartisan legislation, which was enacted into law in December 2017, was reintroduced in February by Senators Ron Wyden (D-OR) and Roy Blunt (R-MO). The current legislation is set to expire at the end of this year and the reintroduced bill will make the current federal excise rate language permanent.
“Today marks an important milestone for the Craft Beverage Modernization and Tax Reform Act and for the small brewing industry across America and it would not be possible without the tremendous support from our champions in Congress,” said Bob Pease, president and CEO of the Brewers Association. “CBMTRA is incredibly bipartisan.”
On the House side of Congress, the bill has 86 Republicans and 70 Democrats in support.
Full press release from the BA here.