Bill > S1444

This bill, the Distillery Excise Tax Reform Act of 2015, amends the Internal Revenue Code to lower the federal excise tax on distilled spirits. Specifically, it reduces the tax rate to $2.70 per proof gallon for the first 100,000 proof gallons of spirits a distillery removes from its facility in a calendar year, provided these spirits were distilled, processed, or bottled at a qualified U.S. facility. This reduced rate also applies to a "controlled group" of corporations, meaning that the 100,000 proof gallon limit is shared among related companies, with a modified definition of "controlled group" to include entities under common control even if not all are corporations. This change is intended to benefit smaller and medium-sized distilleries by reducing their tax burden on initial production volumes and is effective for spirits produced in calendar years after December 31, 2015.