The House and Senate both are looking after your beer drinking this summer. There are currently bills that seek to lower the federal excise tax on each barrel of beer produced by brewers large and small are awaiting discussion in House and Senate fiscal committees.
There is the Small Brew Act (House Resolution 494 and its companion, Senate Bill 917), which seeks to reduce the tax on each barrel from $7.00 to $3.50 but only on the first 60,000 barrels produced within a year. Companies that produce more than 60,000 barrels but fewer than 2 million barrels would pay a $16 rate. Continue reading