Craft Modernization and Tax Reform Act
Senate Bill 51-49 includes a two-year version of the Craft Beverage Modernization and Tax Reform Act, which cuts the federal excise tax on spirits, wine and beer, allows in-bond transfers of bottled spirits and provides for the expensing of certain costs related to the aging process of alcohol. The Craft Beverage Modernization and Tax Reform Act creates a tiered excise tax…

