Craft Beverage Modernization and Tax Reform Act of 2015
Latest action · Jun 11, 2015 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 11, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Craft Beverage Modernization and Tax Reform Act of 2015
Amends the Internal Revenue Code to:
- allow taxpayers who are liable for not more than $50,000 per year in excise taxes on distilled spirits, wine, or beer to file and pay such taxes quarterly without the requirement of posting a bond covering the operations and withdrawals of such distilled spirits, wines, or beer;
- allow such taxpayers who reasonably expect to have a tax liability of not more than $1,000 per year and who were liable for not more than $1,000 in taxes in the preceding calendar year to file and pay such taxes annually rather than quarterly;
- 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, wine, and distilled spirits produced in the United States;
- permit the transfer of beer between bonded facilities without payment of tax;
- modify the definition of "hard cider" for excise tax purposes; and
- exempt home distillery establishments that produce distilled spirits solely for personal or family use from excise tax and bonding requirements.
Directs the Department of the Treasury to amend applicable Treasury regulations with respect to the use of wholesome products suitable for human consumption in the production of fermented beverages.
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to establish funding levels in FY2016-FY2021 for the enforcement and compliance activities of the Alcohol and Tobacco Tax and Trade Bureau.
Cosponsors 51
Members who signed on, in the order they did. Signatures ran from Jul 7, 2015 to Sep 27, 2016.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CO | Cory Gardner | Jul 7, 2015 | |
| R-MO | Roy Blunt | Jul 7, 2015 | |
| D-WI | Tammy Baldwin | Jul 7, 2015 | |
| D-NH | Jeanne Shaheen | Jul 8, 2015 | |
| R-KS | Jerry Moran | Jul 8, 2015 | |
| R-NH | Kelly Ayotte | Jul 8, 2015 | |
| D-CO | Michael F. Bennet | Jul 8, 2015 | |
| R-LA | David Vitter | Jul 30, 2015 | |
| R-IL | Mark Kirk | Jul 30, 2015 | |
| R-WV | Shelley Moore Capito | Jul 30, 2015 | |
| D-MI | Gary C. Peters | Aug 5, 2015 | |
| D-OR | Jeff Merkley | Aug 5, 2015 | |
| D-HI | Mazie K. Hirono | Aug 5, 2015 | |
| R-KS | Pat Roberts | Aug 5, 2015 | |
| R-AK | Lisa Murkowski | Sep 8, 2015 | |
| D-MI | Debbie Stabenow | Sep 9, 2015 | |
| R-OH | Rob Portman | Sep 10, 2015 | |
| D-MT | Jon Tester | Sep 22, 2015 | |
| D-MN | Amy Klobuchar | Sep 25, 2015 | |
| R-WI | Ron Johnson | Oct 5, 2015 | |
| R-IA | Chuck Grassley | Oct 8, 2015 | |
| D-DE | Thomas R. Carper | Oct 8, 2015 | |
| D-VT | Patrick J. Leahy | Oct 19, 2015 | |
| D-CT | Christopher Murphy | Oct 22, 2015 | |
| D-WA | Patty Murray | Oct 22, 2015 | |
| D-NM | Tom Udall | Nov 4, 2015 | |
| D-NJ | Cory A. Booker | Nov 10, 2015 | |
| D-NM | Martin Heinrich | Nov 10, 2015 | |
| R-NC | Richard Burr | Dec 3, 2015 | |
| D-OH | Sherrod Brown | Dec 9, 2015 | |
| D-WA | Maria Cantwell | Dec 10, 2015 | |
| D-PA | Robert P. Casey Jr. | Dec 15, 2015 | |
| R-MT | Steve Daines | Apr 7, 2016 | |
| D-DE | Christopher A. Coons | Apr 11, 2016 | |
| R-AK | Dan Sullivan | Apr 11, 2016 | |
| R-MS | Thad Cochran | Apr 13, 2016 | |
| R-PA | Patrick J. Toomey | Apr 20, 2016 | |
| R-NC | Thom Tillis | Apr 26, 2016 | |
| R-ND | John Hoeven | May 9, 2016 | |
| D-NJ | Robert Menendez | May 9, 2016 | |
| D-NY | Charles E. Schumer | May 10, 2016 | |
| R-GA | Johnny Isakson | May 10, 2016 | |
| R-MS | Roger F. Wicker | May 23, 2016 | |
| R-AR | John Boozman | Jun 6, 2016 | |
| D-NY | Kirsten E. Gillibrand | Jun 27, 2016 | |
| R-SC | Lindsey Graham | Jul 6, 2016 | |
| R-LA | Bill Cassidy | Jul 14, 2016 | |
| R-AR | Tom Cotton | Sep 7, 2016 | |
| R-IA | Joni Ernst | Sep 15, 2016 | |
| D-ND | Heidi Heitkamp | Sep 22, 2016 | |
| D-CA | Barbara Boxer | Sep 27, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jun 11, 2015 |
Actions 2
Everything that happened, newest first.
- Jun 11, 2015Introduced in Senate
- Jun 11, 2015Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 4
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 114-577 | NAVIGATING BUSINESS TAX REFORM109 pages | Finance Committee | Apr 26, 2016 |
| 114-54 | KEEP IT SIMPLE: SMALL BUSINESS TAX SIMPLIFICATION AND REFORM, MAIN STREET SPEAKS46 pages | Small Business Committee | Apr 13, 2016 |
| S. Hrg. 114-768 | Department of Labor, Health and Human Services, and Education, and Related Agencies Appropriations for Fiscal Year 2015373 pages | Appropriations Committee | Dec 9, 2015 |
| S. Hrg. 114-275 | INDIAN COUNTRY PRIORITIES FOR THE 114TH CONGRESS84 pages | Indian Affairs Committee | Jan 28, 2015 |
Related bills 6
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 904 | Craft Beverage Bond Simplification Act of 2015 | Related bill | Apr 14, 2015 |
| S 906 | Cider Investment and Development through Excise Tax Reduction (CIDER) Act | Related bill | Apr 14, 2015 |
| S 1444 | Distillery Excise Tax Reform Act of 2015 | Related bill | May 21, 2015 |
| S 1459 | Cider Investment and Development through Excise Tax Reduction (CIDER) Act | Related bill | May 22, 2015 |
| HR 2238 | Craft Beverage Bond Simplification Act of 2015 | Related bill | May 5, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to reform taxation of alcoholic beverages.
- Short Titles as Introduced
- Craft Beverage Modernization and Tax Reform Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jun 11, 2015Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
