SPIRIT Act introduces a tax credit for small distillers using at least 90% domestic ingredients.
The SPIRIT Act amends the Internal Revenue Code to establish a tax credit for small distillers. Eligible distillers, defined as those producing no more than 100,000 proof gallons annually, can claim a credit of $2.35 per proof gallon if at least 90% of their ingredients are domestically harvested. The credit applies to spirits produced after December 31, 2025.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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