Section 1 Short title
This Act may be cited as the “Fair Brewers Excise and Economic Relief Act” or the “Fair BEER Act”.
Fair Brewers Excise and Economic Relief Act
A BILL
To amend the Internal Revenue Code of 1986 to reform and reset the excise tax on beer, and for other purposes.
Sec. 2 Rate of tax on beer
In general— Section 5051(a)(1) of the Internal Revenue Code of 1986 is amended to read as follows:
“(1) In general—A tax is hereby imposed on all beer brewed or produced, and removed for consumption or sale, within the United States, or imported into the United States during the calendar year. Such tax shall be—
“(A) $0 on so much of such beer as does not exceed 7,143 barrels,
“(B) $3.50 per barrel on so much of such beer as exceeds 7,143 barrels but does not exceed 60,000 barrels,
“(C) $16 per barrel on so much of such beer as exceeds 60,000 barrels but does not exceed 2,000,000 barrels, and
“(D) $18 per barrel on so much of such beer as exceeds 2,000,000 barrels.”
Conforming amendment— Section 5051(a) of such Code is amended by striking paragraph (2) and redesignating paragraph (3) as paragraph (2).
Effective date— The amendments made by this section shall take effect on January 1, 2016.