Bill > S362

Introduced Session

A bill to amend the Internal Revenue Code of 1986 to reform taxation of alcoholic beverages. 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 between bonded facilities without payment of tax; increase the amount of the small wine producer tax credit and expand the categories of producers covered by such credit; allow an adjustment to the producer credit for hard cider; and modify the alcohol content limitations that apply to certain wines for tax purposes. The Department of the Treasury must amend applicable regulations with respect to the use of wholesome products suitable for human consumption in the production of fermented beverages. The bill also increases funding for the Alcohol and Tobacco Tax and Trade Bureau.

AI Summary

Committee Categories

Ron Wyden (D)*,  Tammy Baldwin (D),  John Barrasso (R),  Michael Bennet (D),  Marsha Blackburn (R),  Richard Blumenthal (D),  Roy Blunt (R),  Cory Booker (D),  John Boozman (R),  Mike Braun (R),  Sherrod Brown (D),  Maria Cantwell (D),  Shelley Moore Capito (R),  Ben Cardin (D),  Tom Carper (D),  Bob Casey (D),  Bill Cassidy (R),  Susan Collins (R),  Chris Coons (D),  Catherine Cortez Masto (D),  Tom Cotton (R),  Kevin Cramer (R),  Steve Daines (R),  Tammy Duckworth (D),  Dick Durbin (D),  Joni Ernst (R),  Dianne Feinstein (D),  Deb Fischer (R),  Cory Gardner (R),  Kirsten Gillibrand (D),  Lindsey Graham (R),  Kamala Harris (D),  Maggie Hassan (D),  Josh Hawley (R),  Martin Heinrich (D),  Mazie Hirono (D),  John Hoeven (R),  Cindy Hyde-Smith (R),  James Inhofe (R),  Johnny Isakson (R),  Ron Johnson (R),  Doug Jones (D),  John Neely Kennedy (R),  Angus King (I),  Amy Klobuchar (D),  Patrick Leahy (D),  Kelly Loeffler (R),  Martha McSally (R),  Bob Menendez (D),  Jeff Merkley (D),  Jerry Moran (R),  Lisa Murkowski (R),  Chris Murphy (D),  Patty Murray (D),  Rand Paul (R),  Gary Peters (D),  Rob Portman (R),  Jim Risch (R),  Pat Roberts (R),  Jacky Rosen (D),  Mike Rounds (R),  Marco Rubio (R),  Chuck Schumer (D),  Rick Scott (R),  Tim Scott (R),  Jeanne Shaheen (D),  Kyrsten Sinema (I),  Tina Smith (D),  Debbie Stabenow (D),  Dan Sullivan (R),  Jon Tester (D),  Thom Tillis (R),  Pat Toomey (R),  Tom Udall (D),  Chris Van Hollen (D),  Roger Wicker (R),  Todd Young (R), 

Read twice and referred to the Committee on Finance. (on 02/06/2019)

Official Document