CERTAIN PROVISIONS RELATED TO BEER, WINE, AND DISTILLED SPIRITS.

SEC. 144. CERTAIN PROVISIONS RELATED TO BEER, WINE, AND DISTILLED SPIRITS. (a) Exemption for Aging Process of Beer, Wine, and Distilled Spirits.— (1) In general.—Section 263A(f)(4)(B) is amended by striking “December 31, 2019” and inserting “December 31, 2020”. (2) [26 U.S.C. 263A note] Effective date.—The amendment made by this subsection shall apply to interest costs paid or accrued after December 31, 2019. (b) Reduced Rate of Excise Tax on Beer.— (1) In general.—Paragraphs (1)(C) and (2)(A) of section 5051(a) are each amended by striking “January 1, 2020” and inserting “January 1, 2021”. (2) [26 U.S.C. 5051 note] Effective date.—The amendments made by this subsection shall apply to beer removed after December 31, 2019. (c) Transfer of Beer Between Bonded Facilities.— (1) [26 U.S.C. 5414] In general.—Section 5414(b)(3)is amended by striking “December 31, 2019” and inserting “December 31, 2020”. (2) [26 U.S.C. 5414 note] Effective date.—The amendment made by this subsection shall apply to calendar quarters beginning after December 31, 2019. (d) Reduced Rate of Excise Tax on Certain Wine.— (1) In general.—Section 5041(c)(8)(A) is amended by striking “January 1, 2020” and inserting “January 1, 2021”. (2) Conforming amendment.—The heading of section 5041(c)(8) is amended by striking “Special rule for 2018 and 2019” and inserting “Temporary special rule”. (3) [26 U.S.C. 5041 note] Effective date.—The amendments made by this subsection shall apply to wine removed after December 31, 2019. (e) Adjustment of Alcohol Content Level for Application of Excise Taxes.— (1) In general.—Paragraphs (1) and (2) of section 5041(b) are each amended by striking “January 1, 2020” and inserting “January 1, 2021”. (2) [26 U.S.C. 5041 note] Effective date.—The amendments made by this subsection shall apply to wine removed after December 31, 2019. (f) Definition of Mead and Low Alcohol by Volume Wine.— (1) In general.—Section 5041(h)(3) is amended by striking “December 31, 2019” and inserting “December 31, 2020”. (2) [26 U.S.C. 5041 note] Effective date.—The amendment made by this subsection shall apply to wine removed after December 31, 2019. (g) Reduced Rate of Excise Tax on Certain Distilled Spirits.— (1) In general.—Section 5001(c)(4) is amended by striking “December 31, 2019” and inserting “December 31, 2020”. (2) Conforming amendment.—The heading of section 5001(c) is amended by striking “Reduced Rate for 2018 and 2019” and inserting “Temporary Reduced Rate”. (3) [26 U.S.C. 5001 note] Effective date.—The amendments made by this subsection shall apply to distilled spirits removed after December 31, 2019. (h) Bulk Distilled Spirits.— (1) In general.—Section 5212 is amended by striking “January 1, 2020” and inserting “January 1, 2021”. (2) [26 U.S.C. 5212 note] Effective date.—The amendment made by this subsection shall apply to distilled spirits transferred in bond after December 31, 2019. (i) Simplification of Rules Regarding Records, Statements, and Returns.— (1) In general.—Section 5555(a) is amended by striking “January 1, 2020” and inserting “January 1, 2021”. (2) [26 U.S.C. 5555 note] Effective date.—The amendment made by this subsection shall apply to calendar quarters beginning after December 31, 2019. (j) Technical Correction.— (1) In general.—Section 5041(c)(8) is amended by adding at the end the following new subparagraph: “(C) Application of certain rules.—Paragraphs (3) and (6) shall be applied by substituting ‘paragraph (1) or (8)’ for ‘paragraph (1)’ each place it appears therein.” . (2) [26 U.S.C. 5041 note] Effective date.—The amendment made by this subsection shall take effect as if included in section 13804 of Public Law 115-97.