New Cider Tax Law Will Be Good For The Industry

Law360, New York (March 9, 2016, 10:45 AM EST) -- On Dec. 18, 2015, President Barack Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 Act. The PATH Act included Congress' Cider Investment and Development through Excise Tax Reduction Act (commonly referred to as the "CIDER Act"), which updated federal tax law to make it easier for cider makers to put new, value-added products on the market. The new cider law goes into effect as of Dec. 31, 2016.

In recent years, the rising popularity of hard cider has led to significant growth in the industry. Production nationally more than tripled from 9.4 million gallons in 2011...

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