A bill to amend the Internal Revenue Code of 1986 to reduce the tax on beer to its pre-1991 level.
Last action on Apr 6, 2005Read twice and referred to the Committee on Finance.
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Summary
This bill proposes to reduce the federal excise tax on beer by 50 percent, lowering the rate from $18 to $9 per barrel. This change would return the tax to the level it was prior to a 1991 increase. If enacted, the reduction in the tax rate paid by brewers and importers could lead to lower retail prices for consumers and provide financial relief to businesses within the brewing industry.
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