By Michael Kaiser, Director of Public Affairs
The TTB has issued initial guidelines for the elimination of the bond requirement for certain alcohol producers. As part of the Fiscal Year 2016 Omnibus Appropriations Bill, wine producers that are expected to pay $50,000 or less in federal excise taxes in a year will be exempt from the federal bond requirement. The TTB was mandated by law to issue guidance on the new bonding rules by December 31. The guidance that was issued yesterday clarifies the procedures wine producers who qualify for the exemption will need to take in 2017. WineAmerica worked for the passage of the Fiscal Year 2016 Omnibus Appropriations Bill, and you can read our analysis of the provision here.
WineAmerica is the national voice the American wine industry. Based in Washington, D.C., WineAmerica represents wineries in 43 states and leads a coalition of state and regional wine and grape associations. As an industry leader, WineAmerica encourages the dynamic growth and development of American wineries and winegrowing through the advancement and advocacy of sound public policy.