Rollover any line of text to comment and/or link to it.
S 1058 IS
111th CONGRESS
1st Session
S. 1058
To amend the Internal Revenue Code of 1986 to reduce the tax on beer to its pre-1991 level, and for other purposes.
IN THE SENATE OF THE UNITED STATES
May 14, 2009
Mr. UDALL of Colorado (for himself, Mr. BENNET, Mr. BOND, Mr. CHAMBLISS, Mr. CRAPO, Mr. TESTER, and Mr. VITTER) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to reduce the tax on beer to its pre-1991 level, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. REPEAL OF 1990 TAX INCREASE ON BEER.
(a) In General- Paragraph (1) of section 5051(a) of the Internal Revenue Code of 1986 (relating to imposition and rate of tax on beer) is amended by striking ‘$18’ and inserting ‘$9’.
(b) Effective Date- The amendment made by subsection (a) shall take effect on the date of the enactment of this Act.
SEC. 3. TAX RELIEF FOR SMALL BREWERIES.
(a) In General- Subparagraph (A) of section 5051(a)(2) of the Internal Revenue Code of 1986 (relating to a reduced rate of tax for certain domestic production) is amended--
(1) by striking ‘$7’ in the heading and inserting ‘$3.50’, and
(2) by striking ‘$7’ in the text and inserting ‘$3.50’.
(b) Effective Date- The amendment made by subsection (a) shall take effect on the date of the enactment of this Act.
U.S. Congress - Text of S.1058 as Introduced in Senate Brewers Excise and Economic Relief Act of 2009
