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/PRNewswire/ John Anthony Vineyards, producer of super luxury wines crafted from small vineyard sites in the Napa Valley, commemorates its 20th anniversary.
December 23, 2020
The federal excise tax breaks on wine initially approved on a temporary basis three years ago could become permanent - if President Trump signs the $900 billion coronavirus economic stimulus bill containing the provisions.
The tax benefits of the Craft Beverage Modernization and Tax Reform Act (CBMTRA) were included in the bipartisan legislation the U.S. House of Representatives and U.S. Senate approved Monday, a bipartisan bill large enough to fill 5,600 pages.
It remains unclear if or when the president would sign the bill into law. On Tuesday, Trump called the massive bill a “disgrace” and asked Congress to amend it, in part to increase the amount of provision checks included in the legislation from $600 to $2,000, according to news reports.