Craft Beverage Bond Simplification Act of 2015

House Bill 2238 - Craft Beverage Bond Simplification Act of 2015: Overview, Status, and Impact

Hozzl · 2023-01-11T13:27:15Z

Explore the details of House Bill 2238 Craft Beverage Bond Simplification Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/11/2023, 1:27 PM

Congressional Summary of HR 2238

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.

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Current Status of Bill HR 2238

Bill HR 2238 is currently in the status of Bill Introduced since May 5, 2015. Bill HR 2238 was introduced during Congress 114 and was introduced to the House on May 5, 2015. Bill HR 2238's most recent activity was Referred to the House Committee on Ways and Means. as of May 5, 2015

Bipartisan Support of Bill HR 2238

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2238

Primary Policy Focus

Taxation

Potential Impact Areas

- Alcoholic beverages

- Sales and excise taxes

- Tax administration and collection, taxpayers

Alternate Title(s) of Bill HR 2238

Craft Beverage Bond Simplification Act of 2015

To amend the Internal Revenue Code of 1986 to remove bond requirements and extend filing periods for certain taxpayers with limited excise tax liability.

Craft Beverage Bond Simplification Act of 2015