News & Analysis as of

Tax Rates Excise Tax Wine & Alcohol

McDermott Will & Emery

TTB Ramps Up Tax Audits and Enforcement

McDermott Will & Emery on

The Alcohol and Tobacco Tax and Trade Bureau’s (TTB) Office of Field Operations is responsible for ensuring industry members comply with the Federal Alcohol Administration Act, the Internal Revenue Code and all related...more

McDermott Will & Emery

The Tax Implications of Purchasing Craft Producers in the First Half of a Year

McDermott Will & Emery on

If a large beverage company is considering purchasing or selling a craft beverage producer, it’s essential to understand how the craft producer may lose its earlier eligibility for reduced tax rates under the Craft Beverage...more

Stikeman Elliott LLP

Canada’s 2022 Federal Budget: Commodity Tax Measures

Stikeman Elliott LLP on

On April 7, 2022, the Government of Canada unveiled its 2022 federal budget (“Budget 2022”) and announced certain important commodity tax measures. Budget 2022 includes proposed amendments to past proposals, as well as some...more

Davis Wright Tremaine LLP

The Tax Cuts and Jobs Act Impacts TTB Wine Tax Rates and Transfers of Excise Tax Credit

The Tax Cuts and Jobs Act (the “Act”) had significant impacts for the alcohol industry, including changes to tax credits and new taxpayer definitions. Because the Act became effective so quickly after passing, the TTB is...more

Sherman & Howard L.L.C.

TTB Gives Initial Guidance on Excise Tax Cuts

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has set up a Craft Beverage Modernization and Tax Reform website to provide industry members more information on how the TTB will implement portions of the Tax Cuts and Jobs...more

Burr & Forman

Toasting Tax Reform’s Impact on Brewers, Vintners, Distillers and Distributors

Burr & Forman on

In addition to the more publicized portions of the recent tax legislation, certain provisions also positively impact your favorite local craft brew, regional small batch wine or even a locally distilled alcoholic beverage....more

Bradley Arant Boult Cummings LLP

Congress Overhauls Excise Taxes for Alcohol Producers

Brewers, vintners and distillers across the country raised their glasses as Congress passed the Tax Cuts and Jobs Act and, with it, the Craft Beverage Modernization and Tax Reform Act of 2017. The Craft Beverage Tax Reform...more

Ward and Smith, P.A.

Cheers! Brewers Will Have Reason to Toast if Proposed Tax Changes Become Law

Ward and Smith, P.A. on

Much press has been given to recent efforts in Congress to reform the federal tax code. The House and the Senate have each proposed their own bills to amend the tax laws, and congressional leaders are fervently trying to...more

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