GRAND JUNCTION, Colo.- Tax breaks for craft brewers and distillers continue after the House passes latest federal spending bill.
The $1.4 trillion spending bill includes a $39 billion portion of business tax breaks, renewing tax breaks for craft brewers and distillers.
Craft brewers and distillers enjoyed a tax break with the passage of the 2017 Craft Beverage Modernization and Tax Reform Act.
Excise taxes were cut in half for craft brewers and distillers. These tax cuts in the 2017 law were set to expire at the end of this year, but these tax breaks in the new spending bill will extend them for at least another year.