Important Craft Beverage Modernization Act Changes for Foreign Producers and Importers
Starting January 1, 2023, changes to the Craft Beverage Modernization Act (CBMA) will require foreign producers of beer, wine, and distilled spirits to register with the Alcohol and Tobacco Tax and Trade Bureau (TTB) before their US importers can take advantage of reduced tax rates or credits on the imported products. CBMA tax benefits are limited in quantity, and foreign producers may only assign a certain number of benefits to their US importers for each category of product imported.