To amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico.

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

H.R. 2903 (Craft Beverage Modernization and Tax Reform Act of 2015); S. 1179 (The Advancing Growth in the Economy through Distilled (AGED) Spirits Act); H.R. 867 (Aged Distilled Spirits Competitiveness Act); H.R. 2117 (to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico); issues relating to federal excise tax for distilled spirits.

Client expense: Not reported · Firm income: Not reported

Federal excise taxes Last In First Out (LIFO) inventory valuation method HR 2117 - to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico S. 375/HR 232 - Small Brewer Reinvestment and Expanding Workforce Act (Small Brew Act) - to amend the Internal Revenue code of 1986 to provide reduced rates of excise tax on beer produced domestically by certain qualifying producers S. 807/HR 767 - Fair Brewers Excise and Economic Relief Act (Fair BEER Act) - to amend the Internal Revenue Code of 1986 to provide a sliding scale of excise tax rates on beer HR 1172 - Distillery Excise Tax Reform Act of 2015 - to amend the Internal Revenue Code of 1986 to reduce the tax rate on spirits produced by small distilleries S. 1179/HR 867 - Advancing Growth in the Economy through Distilled Spirits (AGED Spirits) Act/Aged Distilled Spirits Competitiveness Act - to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs S. 1444 - Distillery Excise Tax Reform Act of 2015 - to reduce the rate of tax on certain distilled spirits produced by distilleries HR 2520 - Distillery Innovation and Excise Tax Reform Act - to reduce the rate of tax on distilled spirits S. 1562/HR 2903 - Craft Beverage Modernization and Tax Reform Act of 2015 - to reduce the rate of tax on beer and distilled spirits, expand the credit for small wineries, remove bonding requirements for small beverage alcohol producers, allow the capitalization of interest costs, modify the definition of hard cider, and provide an exemption for home distilling HR 600/S. 906/S. 1459 - Cider Industry Deserves Equal Regulation (CIDER) Act (1st bill); Cider Investment and Development through Excise Tax Reduction (CIDER) Act (2nd & 3rd bills) - to modify the definition of hard cider S. 904/HR 2238 - Craft Beverage Bond Simplification Act of 2015 - to remove bonding requirements and extend filing periods for small alcohol beverage producers

HR 2393, the COOL Act. Discussed issues relating to labeling of various manufactured products and its impact on spirits industry. HR 644. Discussed issue regarding how distilled spirits excise taxes would be treated in a drawback program. HR 2117, lifting the cap on the rum cover over program. This impacts the growth of rum distilling in Puerto Rico and the USVI.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, U.S. Customs & Border Protection

Federal excise taxes Last In First Out (LIFO) inventory valuation method HR 2117 - to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico S. 375/HR 232 - Small Brewer Reinvestment and Expanding Workforce Act (Small Brew Act) - to amend the Internal Revenue code of 1986 to provide reduced rates of excise tax on beer produced domestically by certain qualifying producers S. 807/HR 767 - Fair Brewers Excise and Economic Relief Act (Fair BEER Act) - to amend the Internal Revenue Code of 1986 to provide a sliding scale of excise tax rates on beer HR 1172 - Distillery Excise Tax Reform Act of 2015 - to amend the Internal Revenue Code of 1986 to reduce the tax rate on spirits produced by small distilleries S. 1179/HR 867 - Advancing Growth in the Economy through Distilled Spirits (AGED Spirits) Act/Aged Distilled Spirits Competitiveness Act - to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs S. 1444 - Distillery Excise Tax Reform Act of 2015 - to reduce the rate of tax on certain distilled spirits produced by distilleries HR 2520 - Distillery Innovation and Excise Tax Reform Act - to reduce the rate of tax on distilled spirits S. 1562/HR 2903 - Craft Beverage Modernization and Tax Reform Act of 2015 - to reduce the rate of tax on beer and distilled spirits, expand the credit for small wineries, remove bonding requirements for small beverage alcohol producers, allow the capitalization of interest costs, modify the definition of hard cider, and provide an exemption for home distilling HR 600/S. 906/S. 1459 - Cider Industry Deserves Equal Regulation (CIDER) Act (1st bill); Cider Investment and Development through Excise Tax Reduction (CIDER) Act (2nd & 3rd bills) - to modify the definition of hard cider S. 904/HR 2238 - Craft Beverage Bond Simplification Act of 2015 - to remove bonding requirements and extend filing periods for small alcohol beverage producers

Federal excise taxes Last In First Out (LIFO) inventory valuation method HR 2117 - to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico S. 375/HR 232 - Small Brewer Reinvestment and Expanding Workforce Act (Small Brew Act) - to amend the Internal Revenue code of 1986 to provide reduced rates of excise tax on beer produced domestically by certain qualifying producers S. 807/HR 767 - Fair Brewers Excise and Economic Relief Act (Fair BEER Act) - to amend the Internal Revenue Code of 1986 to provide a sliding scale of excise tax rates on beer HR 1172 - Distillery Excise Tax Reform Act of 2015 - to amend the Internal Revenue Code of 1986 to reduce the tax rate on spirits produced by small distilleries S. 1179/HR 867 - Advancing Growth in the Economy through Distilled Spirits (AGED Spirits) Act/Aged Distilled Spirits Competitiveness Act - to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs S. 1444 - Distillery Excise Tax Reform Act of 2015 - to reduce the rate of tax on certain distilled spirits produced by distilleries HR 2520 - Distillery Innovation and Excise Tax Reform Act - to reduce the rate of tax on distilled spirits S. 1562/HR 2903 - Craft Beverage Modernization and Tax Reform Act of 2015 - to reduce the rate of tax on beer and distilled spirits, expand the credit for small wineries, remove bonding requirements for small beverage alcohol producers, allow the capitalization of interest costs, modify the definition of hard cider, and provide an exemption for home distilling HR 600/S. 906/S. 1459 - Cider Industry Deserves Equal Regulation (CIDER) Act (1st bill); Cider Investment and Development through Excise Tax Reduction (CIDER) Act (2nd & 3rd bills) - to modify the definition of hard cider S. 904/HR 2238 - Craft Beverage Bond Simplification Act of 2015 - to remove bonding requirements and extend filing periods for small alcohol beverage producers

HR 2393, the COOL Act. Discussed issues relating to labeling of various manufactured products and its impact on spirits industry. HR 644. Discussed issue regarding how distilled spirits excise taxes would be treated in a drawback program. HR 2117, lifting the cap on the rum cover over program. This impacts the growth of rum distilling in Puerto Rico and the USVI.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Federal excise taxes Last In First Out (LIFO) inventory valuation method HR 2117 - to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico S. 375/HR 232 - Small Brewer Reinvestment and Expanding Workforce Act (Brew Act) - to amend the Internal Revenue code of 1986 to provide reduced rates of excise tax on beer produced domestically by certain qualifying producers S. 807/HR 767 - Fair Brewers Excise and Economic Relief Act (Fair BEER Act) - to amend the Internal Revenue Code of 1986 to provide a sliding scale of excise tax rates on beer HR 1172 - Distillery Excise Tax Reform Act of 2015 - to amend the Internal Revenue Code of 1986 to reduce the tax rate on spirits produced by small distilleries S. 1179/HR 867 - Advancing Growth in the Economy through Distilled Spirits (AGED Spirits) Act/Aged Distilled Spirits Competitiveness Act - to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs S. 1444 - Distillery Excise Tax Reform Act of 2015 - to reduce the rate of tax on certain distilled spirits produced by distilleries HR 2520 - Distillery Innovation and Excise Tax Reform Act - to reduce the rate of tax on distilled spirits S. 1562/HR 2903 - Craft Beverage Modernization and Tax Reform Act of 2015 - to reduce the rate of tax on beer and distilled spirits, expand the credit for small wineries, remove bonding requirements for small beverage alcohol producers, allow the capitalization of interest costs, modify the definition of hard cider, and provide an exemption for home distilling HR 600/S. 906/S. 1459 - Cider Industry Deserves Equal Regulation Act (1st bill); Cider Investment and Development through Excise Tax Reduction (CIDER) Act (2nd & 3rd bills) - to modify the definition of hard cider S. 904/HR 2238 - Craft Beverage Bond Simplification Act of 2015 - to remove bonding requirements and extend filing periods for small alcohol beverage producers HR 2029 - Consolidated Appropriations Act, 2016 - Protecting Americans from Tax Hikes Act of 2015 - to reduce the rate of tax on distilled spirits

Federal excise taxes Last In First Out (LIFO) inventory valuation method HR 2117 - to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico S. 375/HR 232 - Small Brewer Reinvestment and Expanding Workforce Act (Brew Act) - to amend the Internal Revenue code of 1986 to provide reduced rates of excise tax on beer produced domestically by certain qualifying producers S. 807/HR 767 - Fair Brewers Excise and Economic Relief Act (Fair BEER Act) - to amend the Internal Revenue Code of 1986 to provide a sliding scale of excise tax rates on beer HR 1172 - Distillery Excise Tax Reform Act of 2015 - to amend the Internal Revenue Code of 1986 to reduce the tax rate on spirits produced by small distilleries S. 1179/HR 867 - Advancing Growth in the Economy through Distilled Spirits (AGED Spirits) Act/Aged Distilled Spirits Competitiveness Act - to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs S. 1444 - Distillery Excise Tax Reform Act of 2015 - to reduce the rate of tax on certain distilled spirits produced by distilleries HR 2520 - Distillery Innovation and Excise Tax Reform Act - to reduce the rate of tax on distilled spirits S. 1562/HR 2903 - Craft Beverage Modernization and Tax Reform Act of 2015 - to reduce the rate of tax on beer and distilled spirits, expand the credit for small wineries, remove bonding requirements for small beverage alcohol producers, exempt the aging process from the production period for distilled spirits, modify the definition of hard cider, and provide an exemption for home distilling HR 600/S. 906/S. 1459 - Cider Industry Deserves Equal Regulation Act (1st bill); Cider Investment and Development through Excise Tax Reduction (CIDER) Act (2nd & 3rd bills) - to modify the definition of hard cider S. 904/HR 2238 Craft Beverage Bond Simplification Act of 2015 - to remove bonding requirements and extend filing periods for small alcohol beverage producers

Federal excise taxes Last In First Out (LIFO) inventory valuation method HR 2117 - to amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico S. 375/HR 232 - Small Brewer Reinvestment and Expanding Workforce Act (Brew Act) - to amend the Internal Revenue code of 1986 to provide reduced rates of excise tax on beer produced domestically by certain qualifying producers S. 807/HR 767 - Fair Brewers Excise and Economic Relief Act (Fair BEER Act) - to amend the Internal Revenue Code of 1986 to provide a sliding scale of excise tax rates on beer HR 1172 - Distillery Excise Tax Reform Act of 2015 - to amend the Internal Revenue Code of 1986 to reduce the tax rate on spirits produced by small distilleries S. 1179/HR 867 - Advancing Growth in the Economy through Distilled Spirits (AGED Spirits) Act/Aged Distilled Spirits Competitiveness Act - to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs S. 1444 - Distillery Excise Tax Reform Act of 2015 - to reduce the rate of tax on certain distilled spirits produced by distilleries HR 2520 - Distillery Innovation and Excise Tax Reform Act - to reduce the rate of tax on distilled spirits S. 1562/HR 2903 - Craft Beverage Modernization and Tax Reform Act of 2015 - to reduce the rate of tax on beer and distilled spirits, expand the credit for small wineries, remove bonding requirements for small beverage alcohol producers, exempt the aging process from the production period for distilled spirits, modify the definition of hard cider, and provide an exemption for home distilling HR 600/S. 906/S. 1459 - Cider Industry Deserves Equal Regulation Act (1st bill); Cider Investment and Development through Excise Tax Reduction (CIDER) Act (2nd & 3rd bills) - to modify the definition of hard cider S. 904/HR 2238 Craft Beverage Bond Simplification Act of 2015 - to remove bonding requirements and extend filing periods for small alcohol beverage producers