IN THE SENATE OF THE UNITED STATES
February 4, 2015
Mr. Cardin (for himself, Ms. Collins, Ms. Baldwin, Mr. Cochran, Mr. Blumenthal, Mr. Kirk, Mr. Carper, Ms. Murkowski, Mr. Casey, Mr. Portman, Ms. Cantwell, Mr. Coons, Mr. Heinrich, Ms. Hirono, Mr. King, Mr. Leahy, Mr. Markey, Mr. Menendez, Mr. Merkley, Ms. Mikulski, Mr. Murphy, Mr. Sanders, Mr. Schumer, Mr. Wyden, and Ms. Klobuchar) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to provide a reduced rate of excise tax on beer produced domestically by certain qualifying producers.
This Act may be cited as the
Small Brewer Reinvestment and Expanding Workforce Act or as the
Small BREW Act.
Reduced rate of excise tax on beer produced domestically by certain qualifying producers
Paragraph (2) of section 5051(a) of the Internal Revenue Code of 1986 is amended—
by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively, and
by striking subparagraph (A) and inserting the following new subparagraphs:
In the case of a brewer who produces not more than 6,000,000 barrels of beer during the calendar year, the per barrel rate of tax imposed by this section shall be—
$3.50 on the first 60,000 qualified barrels of production, and
$16 on the first 1,940,000 qualified barrels of production to which clause (i) does not apply.
Qualified barrels of production
For purposes of this paragraph, the term qualified barrels of production means, with respect to any brewer for any calendar year, the number of barrels of beer which are removed in such year for consumption or sale and which have been brewed or produced by such brewer at qualified breweries in the United States.
Subparagraph (C) of section 5051(a)(2) of such Code, as redesignated by this section, is amended—
2,000,000 barrel quantity and inserting
6,000,000 barrel quantity, and
60,000 barrel quantity and inserting
60,000 and 1,940,000 barrel quantities.
Subparagraph (D) of such section, as so redesignated, is amended by striking
2,000,000 barrels and inserting
The amendments made by this section shall apply to beer removed during calendar years beginning after the date of the enactment of this Act.