Leaders in the House Ways and Means and Senate Finance committees reached a tax deal late Monday that includes a one-year extension of the federal excise tax relief for alcohol producers and importers. The extension of the Craft Beverage Modernization and Tax Reform Act — which was set to expire at the end of this year after being passed into law in 2017 as part of the Tax Cuts and Jobs Act — had been a top priority for beer industry trade groups the Beer Institute (BI) and the Brewers Association (BA), as well as the Distilled Spirits Council of the United States (DISCUS), the American Craft Spirits Association, Wine America, the Wine Institute, and the U.S. Association of Cider Makers. Those groups had sought permanence, although a one-year extension appeared to be the likeliest outcome after the House Ways and Means Committee announced support for an extension through 2020. The legislation garnered bipartisan support, with 326 cosponsors in the House and 73 cosponsors in the Senate. The extender would keep in place through December 31, 2020, an excise tax rate of $3.50 per barrel (a reduction from $7 per barrel) on the first 60,000 barrels for domestic brewers producing fewer...