S. 362 · 116th Congress · 2019–2020
Craft Beverage Modernization and Tax Reform Act of 2019
S. 362 in the 116th Congress (2019–2020) was introduced on Feb 6, 2019, sponsored by Ron Wyden with 76 co-sponsors.
During the 116th Congress (2019–2020), Donald Trump was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Feb 6, 2019
- Co-sponsors
- 76
- Policy area
- Taxation
What it does
Craft Beverage Modernization and Tax Reform Act of 2019 This bill modifies the tax treatment of certain alcoholic beverages to exclude the aging period from the production period for beer, wine, or distilled spirits for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period; reduce excise tax rates on beer and distilled spirits; permit the tr…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Ron Wyden (D-OR). Co-sponsors: 36 Democrats, 39 Republicans, 1 Independent.
Where it stands
- IntroducedFeb 6, 2019
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Feb 6, 2019)
Other Taxation bills in the 116th Congress
- H.R. 3151: Taxpayer First Act
- H.R. 5363: FUTURE Act
- H.R. 4566: Virginia Beach Strong Act
- H.R. 25: FairTax Act of 2019
- H.R. 155: Hearing Protection Act
- S. 203: BRACE Act of 2019
- H.R. 218: Death Tax Repeal Act
- S. 460: Employer Participation in Repayment Act of 2019
- H.R. 510: BRACE Act of 2019
- S. 684: Middle Class Health Benefits Tax Repeal Act of 2019
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 362 (116th Congress): Craft Beverage Modernization and Tax Reform…,” https://www.capitolreceipts.com/bill/116-s-362/craft-beverage-modernization-and-tax-reform-act-of-2019 (accessed 2026-10-17).