BEER Act

Bill: 113-s-958
Sponsor: full_name: Sen. Udall, Mark [D-CO]
Introduced: 2013-05-15
Policy area: Taxation
Subjects: Alcoholic beverages

Sales and excise taxes
Latest action: action_date: 2013-05-15
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2013-05-15
action_desc: Introduced in Senate
text: <p>Brewers Excise and Economic Relief Act of 2013 or the BEER Act - Amends the Internal Revenue Code to: (1) reduce from $18 to $9 (the pre-1991 level) the per-barrel tax on beer; and (2) further reduce the rate of such tax on brewers who produce not more than 2 million barrels of beer during the calendar year.</p>

tv_txt: II 113th CONGRESS 1st Session S. 958 IN THE SENATE OF THE UNITED STATES May 15, 2013 Mr. Udall of Colorado (for himself, Mr. Blunt , Mr. Bennet , Mr. Vitter , Ms. Baldwin , and Mr. Begich ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to reduce the tax on beer to its pre-1991 level, and for other purposes.

1. Short title This Act may be cited as the Brewers Excise and Economic Relief Act of 2013 or BEER Act . 2. Repeal of 1990 tax increase on beer (a) In general Paragraph (1) of section 5051(a) of the Internal Revenue Code of 1986 is amended by striking $18 and inserting $9 . (b) Effective date The amendment made by this section shall take effect on the date of the enactment of this Act. 3. Tax relief for small breweries (a) In general Subparagraph (A) of section 5051(a)(2) of the Internal Revenue Code of 1986 is amended to read as follows: (A) Rate per barrel for qualifying brewers In the case of a brewer who produces not more than 2,000,000 barrels of beer during the calendar year, the per barrel rate of the tax imposed by this section on the first 60,000 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 shall be as follows: (i) For the first 15,000 barrels removed, $0. (ii) For the next 45,000 barrels removed after the barrel quantity specified in clause (i), $3.50. . (b) Effective date The amendments made by this section shall take effect on the date of the enactment of this Act.