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Troubling Implications of the New Wine Tax Law

March 12, 2018

Late last Friday afternoon (March 2) TTB released further guidance on the recently enacted Craft Beverage Modernization and Tax Reform Act. The new guidance finally answered some large and pressing questions about how the law will be implemented, and revealed some very troubling consequences. While the Act created new tax credits that were meant to benefit all wineries large and small, it's now clear that it falls short of its promise due to its poor drafting and hasty implementation