Bill
Bill > S1459
summary
Introduced
05/22/2015
05/22/2015
In Committee
05/22/2015
05/22/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
Cider Investment and Development through Excise Tax Reduction (CIDER) Act Amends the Internal Revenue to revise the definition of "hard cider," for purposes of the excise tax on distilled spirits, wines, and beer, to mean a wine: (1) containing not more than .64 gram of carbon dioxide per hundred milliliters of wine (subject to necessary tolerances); (2) which is derived primarily from apples, apple juice concentrate, pears, or pear juice concentrate, and water; (3) which contains no fruit product or fruit flavoring other than apple or pear; and (4) which contains at least one-half of 1% and less than 8.5% alcohol by volume.
AI Summary
This bill, known as the Cider Investment and Development through Excise Tax Reduction (CIDER) Act, amends the Internal Revenue Code to redefine "hard cider" for the purpose of excise taxes on alcoholic beverages. The new definition specifies that hard cider must contain no more than 0.64 grams of carbon dioxide per hundred milliliters, be primarily made from apples, apple juice concentrate, pears, or pear juice concentrate along with water, contain no fruit products or flavorings other than apple or pear, and have an alcohol content between 0.5% and 8.5% by volume. These changes aim to clarify what products qualify as hard cider for tax purposes and are effective for products removed from bonded premises in calendar years beginning after December 31, 2015.
Committee Categories
Budget and Finance
Sponsors (6)
Chuck Schumer (D)*,
Susan Collins (R),
Patrick Leahy (D),
Joe Manchin (I),
Jeff Merkley (D),
Jeanne Shaheen (D),
Last Action
Read twice and referred to the Committee on Finance. (on 05/22/2015)
Official Document
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