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S. Rept. 114-17 1 (2015-04-14)

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INFORMATION
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                                                        Calendar No. 40
                  114TH CONGRESS                                   REPORT
                     1st Session             SENATE                 114-17






                     CIDER   INVESTMENT AND DEVELOPMENT THROUGH
                             EXCISE  TAX  REDUCTION (CIDER) ACT



                                  APRIL 14, 2015.-Ordered to be printed



                            Mr. HATCH, from the Committee on Finance,
                                     submitted the following


                                        REPORT

                                        [To accompany S. 906]
                    The Committee on Finance, having considered an original bill, S.
                  906, to amend the Internal Revenue Code of 1986 to modify the
                  types of wines taxed as hard cider, having considered the same, re-
                  ports favorably thereon without amendment and recommends that
                  the bill do pass.
                                            CONTENTS
                                                                            Page
                   I. LEGISLATIVE BACKGROUND .....................................................................  1
                   II. EXPLANATION OF THE BILL  .....................................................................  2
                        A. Modification of Definition of Hard Cider (sec. 2 of the bill and
                           sec. 5041  of  the  Code)  ....................................................................... .  2
                        B. Increase Continuous Levy Authority on Payments to Medicare
                           Providers  and  Suppliers  ....................................................................  4
                  III. BUDGET EFFECTS OF THE BILL  ...............................................................  6
                  IV. VOTES OF THE COMM ITTEE .....................................................................  8
                  V. REGULATORY  IMPACT AND OTHER MATTERS ....................................  8
                  VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED  9

                                I. LEGISLATIVE   BACKGROUND
                    The Committee on Finance, having considered S. 906, the Cider
                  Investment  and  Development  through  Excise Tax  Reduction
                  (CIDER) Act, to amend the Internal Revenue Code of 1986 to mod-
                  ify the types of wines taxed as hard cider, reports favorably thereon
                  without amendment  and recommends that the bill do pass.


49-010

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