TTB Industry Circular 2018-1 Undermines the Intent of the Craft Beverage Modernization and Tax Reform Act and Threatens American Wine Industry
By Michael Kaiser, Vice President 3.19.18 Background A two- year version of the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was passed as part of the Tax Cuts and Jobs Act. The President signed the bill into law on December 22, 2017, and the new excise tax reforms were implemented on January 1, 2018. … Read more