S.362: Craft Beverage Modernization and Tax Reform Act of 2019

About This Bill

Bill Sponsor

Bill Cosponsors

76 (36 Democrats, 1 Independent Democrat, 39 Republicans)

Bill Version

Bill Summary

Craft Beverage Modernization and Tax Reform Act of 2019 This bill modifies the tax treatment of certain alcoholic beverages to exclude the aging period from the production period for beer, wine, or distilled spirits for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period; reduce excise tax rates on beer and distilled spirits; permit the transfer of beer...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 6 statements associated with S.362.

Bill Actions

Date Description
Feb. 6, 2019
Read twice and referred to the Committee on Finance.
Feb. 6, 2019

Introduced in the Senate by Ron Wyden (D-Ore.)

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