CIDER Act Passed
CIDER Act Language is part of the year-end tax extenders bill
Passage Benefits Fast-Growing, Job-Creating U.S. Cider Industry
Denver, CO - The United States Association of Cider Makers applauds the inclusion of the CIDER Act language in the year-end tax extenders package, which was passed today in Washington, DC. The CIDER Act will update the current tax definition of Cider to make American-made ciders more competitive in international markets and increase flexibility for cider makers investing in the fast-growing beverage alcohol category.
“This legislation represents a huge step forward for cider makers throughout the nation,” said USACM President, Mike Beck of Uncle John’s Hard Cider Company. “We are excited for the positive impact it will have on the U.S. cider industry, which is growing rapidly and creating small manufacturing and agricultural jobs across the country".
The legislation amends the section of the Internal Revenue Code (26 USC Section 5041) that defines hard cider. Passage of this legislation makes small cider producers more competitive in the market by giving them increased flexibility in production and ingredients and brings the US cider definition into line with international standards for alcohol by volume, carbonation, and allowable recipes.
The USACM is an organization of cider and perry producers in the United States. It gathers and shares information about cider production, cider regulations, and cider apple growing to help members improve their operations, raise awareness, and advance cider in the market.
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CLICK HERE to link to the press release on USACM's website.
For more information regarding the CIDER Act please visit the USACM Website.