Description: TO PASS H.R. 3605, TO REDUCE THE EXCISE TAX ON BEER FOR SMALL BREWERS.
Bill summary: (Reported to House from the Committee on Ways and Means with amendment, H. Rept. 94-1346)
Provides that the first 60,000 barrels of beer brewed by a brewery in the United States producing less than 2,000,000 barrels annually for consumption shall be taxable under the Internal Revenue Code at a rate of $7 per barrel (as opposed to the flat rate of $9 per barrel presently imposed).
Applies to controlled groups the 2,000,000 barrel quantity specified in this Act, and apportions the 60,000 barrel
quantity specified in this Act among the brewers who are component members of such group.
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Bill titles: A bill to amend section 5051 of the Internal Revenue Code of 1954 (relating to the Federal excise tax on beer).
Original source documents: Digest of the Congressional Record vol. 122-137, p. H9808;
Links for more info on the vote: congress.gov