Beer Institute Praises Inclusion of Tax Relief for Brewers and Beer Importers in House Tax Extender Legislation

WASHINGTON, D.C. – Jim McGreevy, President and CEO of the Beer Institute — a national trade association representing brewers, beer importers and industry suppliers — released the following statement praising the U.S. House Ways and Means Committee for passing a one-year extension of federal excise tax relief for all brewers and beer importers:

“The Beer Institute commends the members of the House Ways and Means Committee, Chairman Richard Neal (D-MA) as well as Select Revenue Measures Subcommittee Chairman Mike Thompson (D-CA) for including continued federal excise tax relief for America’s brewers and importers in today’s tax extender legislation. Brewers and beer importers are critical to the American economy, supporting more than 2.1 million good paying jobs and providing more than $328 billion to the U.S. economy. Ensuring all brewers and beer importers can continue to count on federal excise tax relief is key to making sure our nation’s more than 7,000 active brewers continue to thrive, innovate and provide Americans with more varieties and styles of beer — our nation’s most popular alcohol beverage.

“I want to thank the bipartisan majorities in both the U.S. House and Senate who have co-sponsored the Craft Beverage Modernization and Tax Reform Act. We look forward to working with House leadership as well as the Senate as they work towards final drafts of tax extender legislation.”

The legislation now moves to the full U.S. House for consideration. The U.S. Senate is also expected to take up its own version of tax extenders legislation. Those bills would need to be reconciled in conference committee, passed by both chambers and signed by President Trump before becoming law.

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The Beer Institute is a national trade association for the American brewing industry, representing brewers of all sizes, as well as beer importers and industry suppliers. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website, follow @BeerInstitute on Twitter, like the Beer Institute on Facebook, and follow the Beer Institute on Instagram.