Brewers Excise Relief Bill Introduced in House
Iowa Representative Tom Latham has introduced legislation (HR 1675) that would reduce the amount brewers pay annually in excise taxes. For smaller brewers the rate would be reduced from $7.00 per barrel to $3.50 per barrel. For larger brewers, the rate they pay in excise taxes would be lowered to pre-1990 levels from $18.00 to $9.00 per barrel annually. Decreasing excise rates is estimated to provide brewers with millions in additional capital to support significant long-term investments and create jobs to grow their businesses on a regional and national scale. The legislation has 47 co-sponsors and moves on to the House Committee on Ways and Means.
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About the institute
The Glass Packaging Institute (GPI) is the trade association representing the North American glass container industry. Through GPI, glass container manufacturers speak with one voice to advocate industry standards, promote sound environmental policies and educate packaging professionals. GPI member companies manufacture glass containers for food, beverage, cosmetic and many other products. GPI also has associate members that represent a broad range of suppliers and closure manufacturers.
