HDC Blog — Craft Distilling

Justin Stiefel, Heritage Distilling Co. Co-founder and CEO, authored a guest feature for Distiller Magazine, a publication of the American Distilling Institute. Read his informative thoughts below. Most distilleries, wineries and breweries have benefited from the last few years’ of lower Federal Excise Rates (“FET)” thanks to passage of the Craft Beverage Modernization Act by Congress. That Act temporarily reduced excise taxes for producers, especially craft producers. The initial reprieve led to a hiring spurt in the industry and investments in equipment and marketing for a large swath of the industry. Unfortunately that lower FET rate is set to expire...