An end-of-year tax crisis for America’s brewers, distillers, and winemakers has been averted after Congress passed a bill on December 19 that included a one-year extension of the Craft Beverage Modernization and Tax Reform Act (CBMTRA). The bill, which is now on its way to the president’s desk and is expected to be signed on … [ Read more]
Congress passes bill averting end-of-year tax hikes for U.S. distillers, brewers, and winemakers
December 19, 2019 by
How Minnesota’s breweries fare under new tax rules
March 5, 2018 by
Summit Brewing president Mark Stutrud is excited about the new “Craft Beverage Modernization and Tax Reform Act.” “The tax reform is inclusive and beneficial to all brewers, which is a positive, and we’re eager to put the savings right back into our brewery so our customers can enjoy more Summit beer,” Stutrud says. The way … [ Read more]
How a gas tax for aircraft set the stage for the craft beer revolution
April 4, 2017 by Leave a Comment
If you have ever stopped to read the tax disclaimer stickers on a gas station pump, you’d know that a sizeable percentage of the price you pay for gas—$0.28 per gallon in Minnesota—goes towards covering something called “excise taxes.” If you are wondering what gasoline and excise taxes have to do with the enjoyment of … [ Read more]
