,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #dicd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ac1 #bjaf ,mr4
 ,?ompson ( ,cali=nia 7= himself & ,mr4 
,rei*]t7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to modify ! excise tax on
 w9e4  #a4 ,%ort title ,?is ,act may be 
cit$ at ! ,w9e ,excise ,tax             
,mod]nization ,act ( #bjaf4  #b4        
,modification ( small w9e produc] cr$it 
7a7 ,9 g5]al ,section #ejda7;c7 ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ p>agraphs 7#a7 & 7#b7 & ins]t+ 
! foll[+ new p>agraphs3  7#a7 ,all[ance 
( cr$it ,9 ! case ( any p]son :o        
produces w9e 91 or imports w9e into1 !  
,unit$ ,/ates dur+ ! cal5d> ye>1 !re    
%all be all[$ z a cr$it aga9/ any tax   
impos$ by ?is title 7o!r ?an *apt]s #b1 
#ba1 & #bb7 (--  7,a7 #a p] w9e gallon  
on ! #a/ #cj1jjj w9e gallons ( w9e :i*  
are remov$ dur+ su* ye> = consumption or
 sale & :i* h be5 produc$ 91 or import$ 

into1 ! ,unit$ ,/ates1  7,b7 #ij c5ts p]
 w9e gallon on w9e 9 excess ( #cj1jjj   
w9e gallons & n 9 excess ( #acj1jjj w9e 
gallons s remov$ & produc$ or import$1 &
  7,c7 #ec4e c5ts p] w9e gallon on w9e 9
 excess ( #acj1jjj w9e gallons & n 9    
excess ( #gej1jjj w9e gallons s remov$ &
 produc$ or import$4  7#b7 ,adju/m5t (  
cr$it = h>d cid] ,9 ! case ( w9e        
describ$ 9 subsection 7b77#f71 p>agraph 
7#a7 %all be appli$-- 7,a7 by sub/itut+ 
#f4b c5ts = #a 9 subp>agraph 7,a7 !re(1 
7,b7 by sub/itut+ #e4f c5ts = #ij c5ts 9
 subp>agraph 7,b7 !re(1  7,c7 by        
sub/itut+ #c4c c5ts = #ec4e c5ts 9      
subp>agraph 7,c7 !re(1 &  7,d7 by tak+  
su* w9e into acc\nt la/ 9 apply+ su*    
subp>agraphs4  4  7b7 ,con=m+ am5dm5t   
,section #ejda7;c77#g7 ( su* ,code is   
am5d$ by /rik+ 1 includ+ regulations-- &
 all t foll[s & ins]t+ a p]iod4  7c7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to w9e remov$ dur+   
cal5d> ye>s beg9n+ aft] ,decemb] #ca1   
#bjaf4  #c4 ,alcohol by volume          

limitation = table w9e excise tax rate  
increas$ to #af p]c5t  7a7 ,9 g5]al     
,p>agraphs 7#a7 & 7#b7 ( section        
#ejda7;b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf are ea* am5d$ by /rik+ #ad p]c5t &
 ins]t+ #af p]c5t4  7b7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to w9e remov$ dur+ cal5d> ye>s    
beg9n+ aft] ,decemb] #ca1 #bjaf4  #d4   
,increase 9 c>bonation limitation =     
taxation z /ill w9e  7a7 ,9 g5]al       
,section #ejda7;a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ #j4cib  
gram & ins]t+ #j4fd gram4  7b7          
,effective date ,! am5dm5ts made by ?is 
section %all apply to w9e remov$ dur+   
cal5d> ye>s beg9n+ aft] ,decemb] #ca1   
#bjaf4  #e4 ,r$uc$ rate ( excise tax on 
sp>kl+ & artificially c>bonat$ w9es  7a7
 ,9 g5]al ,section #ejda7;b7 ( !        
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by /rik+ #c4dj 9 p>agraph  
7#d7 & ins]t+ #a4jg1 &  7#b7 by /rik+   
#c4cj 9 p>agraph 7#e7 & ins]t+ #a4jg4   
7b7 ,effective date ,! am5dm5ts made by 

?is section %all apply to w9e remov$    
dur+ cal5d> ye>s beg9n+ aft] ,decemb]   
#ca1 #bjaf4