arrow_back Back to App

Tax Changes: Standardizing Taxation for Mead and Low-Alcohol Wines.

This law standardizes how mead and low-alcohol wines are taxed under the federal code by removing the existing distinction. Both beverages will now be treated identically for tax purposes, potentially simplifying compliance for producers and distributors. For consumers, this change might influence the pricing and availability of these specific beverages.
Key points
Mead and low-alcohol wines will be subject to the same federal tax rules.
The change applies to wines containing less than 8.5% alcohol and takes effect after December 31, 2024.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_5442
Sponsor: Sen. Schumer, Charles E. [D-NY]
Process start date: 2024-12-05
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Bubble Tax Modernization Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5442.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-12-05.

What are the main provisions?

Key points include:

  • Mead and low-alcohol wines will be subject to the same federal tax rules.
  • The change applies to wines containing less than 8.5% alcohol and takes effect after December 31, 2024.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Schumer, Charles E. [D-NY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes