Q: In Friday’s AJC, there was a column about the bill given to Georgia’s craft brewers. Who in the U.S. Senate proposed the bill to reduce the taxes that craft brewers would have to pay?
—Raymond King, Stockbridge
A: The tax reform bill working its way through the U.S. Senate included provisions that would “cut the tax rate in half to $3.50 per barrel for the first 60,000 barrels produced by small U.S. breweries,” the AJC reported last week.
That tax break, which is part of a broader tax reform bill by Senate Republicans, “was backed by Georgia U.S. Sen. Johnny Isakson as it moved through the Senate’s tax writing committee,” the AJC reported.
While the break affecting craft brewers is now part of the Senate’s overall tax plan, the language is similar to a bipartisan standalone bill that was introduced earlier this year, the Craft Beverage Modernization and Tax Reform Act. That bill was introduced by Oregon Sen. Ron Wyden, a Democrat, with 54 co-sponsors, including Isakson.
Republican Sen. Rob Portman of Ohio, also a co-sponsor, introduced the “craft beverage modernization” provision in the Senate amendment to the tax reform bill, the New York Times reported earlier this month.
Fast Copy News Service wrote this column. Do you have a question? We’ll try to get the answer. Call 404-222-2002 or email firstname.lastname@example.org (include name, phone and city).
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