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Federal Excise Taxes Imposed on Alcohol Products, August 2, 2004 1 (August 2, 2004)

handle is hein.tera/crstax0169 and id is 1 raw text is: Order Code RS20605 Updated August 2, 2004 CRS Report for Congress Received through the CRS Web Federal Excise Taxes Imposed on Alcohol Products Louis Alan Talley Specialist in Taxation Government and Finance Division Pamela J. Jackson Analyst in Public Sector Economics Government and Finance Division Summary This report provides a brief history of federal alcohol excise tax rates and examines recent federal revenue collections from alcohol products. Rates were last increased by the Revenue Reconciliation Act of 1990 (RRA90; P.L. 101-508). Under that act, Congress increased the excise tax rates on alcohol products because of large continuing federal budget deficits which resulted in the need for additional federal revenues. Tax rates were increased $1.00 per proof gallon on distilled spirits to $13.50 per proof gallon. The tax rate for beer was doubled to $18.00 per barrel. Also, the excise tax rates on wines were increased, with the new rates ranging from $1.07 per wine gallon to $3.30 per wine gallon. All these rates became effective January 1, 1991. Breaking down these rates, the consumer would find that the current federal alcohol excise taxes amount to $2.14 per 750-ml. bottle of distilled spirits, 33 cents for a six-pack of beer, and 21 cents per 750-ml. bottle of table wine. This report will be updated to reflect new information or as legislative developments warrant. Brief History of Tax Rates The tax rate on distilled spirits remained unchanged from 1951 to 1985.1 In October 1985, the rate was raised from $10.50 to $12.50 per proof gallon. Under the Revenue Reconciliation Act of 1990 (RRA90; P.L. 101-508), the rate was increased by an For a more complete discussion of the history of federal alcohol taxes, see CRS Report RL30238, Federal Excise Taxes on Alcoholic Beverages: A Summary ofPresent Law and a Brief History, by Thomas B. Ripy. Congressional Research Service ** The Library of Congress

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