Indiana craft beverage council.

Repeals provisions concerning the wine grape market development council (wine council) and the wine grape market development fund (wine fund). Establishes the Indiana craft beverage council (craft council), Indiana craft beverage council fund (craft council fund), and Indiana craft beverage foundation fund. Specifies the duties of the craft council. Requires the department of state revenue to transfer to the craft council fund a portion of the excise tax collected on beer, flavored malt beverages, liquor, wine, and hard cider. Transfers certain property and liabilities from the wine council and wine fund to the craft council and craft council fund. Allows the craft council to establish a nonprofit subsidiary corporation exempt from federal income taxation to solicit and accept certain private sector funding. Defines terms and makes conforming amendments.