Craft Brewing and Distilling News for October 2, 2017October 2, 2017
•The Craft Beverage Modernization and Tax Reform Act—seeking to reduce taxes for smaller distillers—continues to gain steam in the U.S. Congress. Some 50 Senators have signed on as co-sponsors to the bill, which has bipartisan support and would create a reduced Federal Excise Tax for distillers producing less than 100,000 proof gallons per year. In June, the corresponding House bill reached majority support, and now has 278 co-sponsors. The American Craft Spirits Association is pushing for the reduced FET to be included as the Trump administration and Congress eye sweeping changes to the tax code.
•Florida’s Grayton Beer Company will launch Dubbel Barrel Belgian-style ale in November. The 8%-abv beer is fermented with orange and macerated cherries before aging in ex-Bourbon casks. The beer is carbonated in-bottle using traditional yeast. Dubbel Barrel is a limited release—comprising 1,200 750-ml bottles in total—and will be available beginning in November in Tennessee, Louisiana, Alabama and Florida at a suggested retail price of $19.99 a bottle.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.