Posted 06/29/2021 by the Office of Communications
The Craft Beverage Modernization Act (CBMA) provisions of the Tax Cuts and Jobs Act of 2017 reduced excise taxes on all beverage alcohol producers, large and small, foreign and domestic. In 2020, Congress made CBMA’s tax cuts permanent. It also transferred responsibility for administering certain CBMA provisions for imported alcohol from U.S. Customs and Border Protection to the Treasury Department after December 31, 2022. As required by law, Treasury submitted a report to Congress detailing its plans to implement and administer the import provisions starting in 2023.
The report is available on our Plans and Reports page.
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Page last reviewed: June 29, 2021
Page last updated: June 29, 2021
Maintained by: Office of Communications