'This is a huge deal': Brewers get permanent federal excise tax relief as a part of new stimulus package

For breweries, the recently passed stimulus package has more to offer than just $600 checks and another round of forgivable loans. The bill, signed by President Donald Trump last week, included the permanent adoption of Craft Beverage Modernization and Tax Reform Act (CBMTRA), a hard-fought federal excise tax relief for small brewers, distilleries and winemakers. The act, first passed in 2017 as a temporary provision, set the federal excise tax (FET) rate at $3.50 per barrel on the first 60,000…