Last week, distillers from around the country met in Washington D.C. for the industry's 10th Annual Public Policy Conference, co-hosted by the Distilled Spirits Council of the United States and the American Craft Spirits Association. Heads of the Florida distilleries participated in congressional and senate meetings to urge support for the Craft Beverage Modernization and Tax Reform Act that will make permanent a federal excise tax cut on distilled spirits and was enacted in 2017. If it is not approved, the tax cut for distillers will expire at the end of this year. For craft distillers, the tax cut provides the opportunity for reinvestment of funds in their respective businesses to fuel growth and expansion. Without the tax cuts, the craft industry may fall back to more conservative growth efforts. Also covered is the harm that retaliatory tariffs on spirits exports are having on American distillers. Click here for the full story.
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