The following is a basic summary of the CARES Act and benefits for the wine industry: Small Business Loans: The bill authorizes $367 billion in Small Business Administrations Loans: The CARES Act would increase the maximum loan amount to $10 million and would expand allowable uses of loans to include payroll support (including paid sick … Read more
Washington, DC, March 26, 2020–WineAmerica, the national association of American wineries, has released the results of a national economic impact survey of wineries across the country to initially assess the effects of the Covid-19 crisis on their businesses so far. The survey was sent on Thursday, March 19 with a deadline of March 23, and … Read more
FILE ONLINE FOR TTB APPROVALS We know that our industries rely on timely approvals from TTB, whether just getting started or to manage their daily operations. Over the coming weeks, to ensure the safety and well-being of our employees, and in accordance with federal, state, and local guidelines, we will be very limited in our … Read more
Due to the Coronavirus 2019 (COVID-19) pandemic, the Acting Administrator of the Alcohol and Tobacco Tax and Trade Bureau (TTB) has found that it is necessary or desirable to waive provisions of internal revenue law with regard to distilled spirits, and therefore is providing certain exemptions and authorizations to distilled spirits permittees who wish to … Read more
The Federal consignment sales rules generally prohibit the sale or purchase of alcohol beverage products with the privilege of return. See 27 CFR 11.21. Returns for ordinary and usual commercial reasons arising after the product has been sold are not prohibited, but the return or exchange of a product because it is overstocked or slow-moving … Read more