As we wrap up the final days of 2020 we’re having a deja vu moment in the TTB winery compliance world. (all alcohol beverage actually)
It was just one year ago that we were in the same spot that we’re in now, that is asking Congress to hold a vote to extend the Craft Beverage Modernization & Tax Reform Act. If they do not do that by midnight on December 31st the tax laws that came into effect in January of 2018 go away.
This would have significant effect on wineries mainly around their TTB excise taxes. (they’d go up depending on your filing qualifications)
I share a bit more about that in my video: