Legislation Sent to President for His Signature
Dec. 19, 2019 – Washington, D.C. – Following passage by the House, the consolidated appropriations package was approved by the Senate today and includes a one-year extension of the Craft Beverage Modernization and Tax Reform Act (S. 362/ H.R. 1175), which provides federal excise tax benefits for all wineries. President Trump is expected to sign the legislation into law shortly.
“This is a critical step towards ensuring that the nearly 4,000 wineries across California can continue to grow and succeed by investing in their businesses and employees,” said Robert P. “Bobby” Koch, President and CEO of Wine Institute. “California wineries were able to re-invest over $150 million in tax savings in 2018 and 2019.”
Read the full press release on the House vote here.