As we wrap up the final two days of 2020 I’m glad to do so with a good news update with all US wineries.
The craft beverage modernization act has officially been made permanent!
This is good news for all US wineries (& for breweries and distilled spirits businesses too) We had once again been holding our breath that this would get done, since before congress took action last week and it was then signed into law the act had an expiration date of December 31st.
For wineries this means that the procedures they began using in 2018 for completing their TTB excise tax reports and their TTB 5120.17 reports stays the same.
See my video for the details: