Ask AI
Bill114th CongressFiled Apr 14, 2015Taxation
S. 904

Craft Beverage Bond Simplification Act of 2015

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary introduced in senate (Apr 14, 2015)

Craft Beverage Bond Simplification Act of 2015

This bill allows taxpayers who are liable for not more than $50,000 per year in excise taxes on distilled spirits, wine, or beer to file and pay such taxes quarterly without the requirement to post a bond covering the operations and withdrawals of such distilled spirits, wines, or beer. The bill also allows such a taxpayer who reasonably expects to have a tax liability of not more than $1,000 per year and who was liable for not more than $1,000 in taxes in the preceding calendar year to file and pay such taxes annually rather than quarterly.

What just happenedApr 14, 2015

Placed on Senate Legislative Calendar under General Orders. Calendar No. 38.

Who’s behind it

Sen. Hatch, Orrin G. [R-UT](R-UT)Sponsor
Read on Congress.gov
1committees4actions4related bills3subjects
  1. Apr 14, 2015Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 38.

  2. Apr 14, 2015Committee

    Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-15.

    Finance Committee
  3. Apr 14, 2015Committee14000

    Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-15.

    Finance Committee
  4. Apr 14, 2015IntroReferral10000

    Introduced in Senate

Introduced in SenateApr 14, 2015

Craft Beverage Bond Simplification Act of 2015

This bill allows taxpayers who are liable for not more than $50,000 per year in excise taxes on distilled spirits, wine, or beer to file and pay such taxes quarterly without the requirement to post a bond covering the operations and withdrawals of such distilled spirits, wines, or beer. The bill also allows such a taxpayer who reasonably expects to have a tax liability of not more than $1,000 per year and who was liable for not more than $1,000 in taxes in the preceding calendar year to file and pay such taxes annually rather than quarterly.

Reported to Senate without amendmentApr 14, 201580

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Craft Beverage Bond Simplification Act of 2015

(Sec. 2) This bill allows taxpayers who are liable for not more than $50,000 per year in excise taxes on distilled spirits, wine, or beer to file and pay such taxes quarterly without the requirement to post a bond covering the operations and withdrawals of such distilled spirits, wines, or beer. The bill also allows such a taxpayer who reasonably expects to have a tax liability of not more than $1,000 per year and who was liable for not more than $1,000 in taxes in the preceding calendar year to file and pay such taxes annually rather than quarterly. Makes this Act effective 90 days after its enactment.

Craft Beverage Bond Simplification Act of 2015 — Informed