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Brewers Toast Tax Bill Provision That'll Help Them Reinvest

Sam Bond's Brewing Facebook page

Craft brewers – including one in Eugene – are toasting a part of the contentious GOP tax bill recently signed by President Trump.

The Craft Beverage Modernization and Tax Reform Act is a provision that enjoyed bipartisan support on Capitol Hill.

Jim Montgomery of Sam Bond’s Brewing sums up its benefit.

“What it basically does is takes the federal excise tax for all craft brewers and cuts it in half, from 7 dollars a barrel to $3.50 a barrel," Montgomery tells KLCC. 

Credit Tricia / Flickr.com

"I think I speak for most small craft brewers, in saying this is a helpful incentive to reinvest in the company.”

The Brewers Association figures the new law will save small brewers $80 million a year. For Sam Bond’s of Eugene, that means a couple thousand more dollars to invest in new equipment or packaging.

All other brewers will see their federal excise tax drop from $18 to $16 a barrel.

Oregon Senator Ron Wyden sponsored the bill. Representatives Peter DeFazio and Greg Walden co-sponsored the House version.

Copyright 2018, KLCC.

Brian Bull is an assistant professor of journalism at the University of Oregon, and remains a contributor to the KLCC news department. He began working with KLCC in June 2016.   In his 27+ years as a public media journalist, he's worked at NPR, Twin Cities Public Television, South Dakota Public Broadcasting, Wisconsin Public Radio, and ideastream in Cleveland. His reporting has netted dozens of accolades, including four national Edward R. Murrow Awards (22 regional),  the Ohio Associated Press' Best Reporter Award, Best Radio Reporter from  the Native American Journalists Association, and the PRNDI/NEFE Award for Excellence in Consumer Finance Reporting.
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