H.R. 1986 · 112th Congress
Aged Distilled Spirits Competitiveness Act of 2011
- Stage
- In committee
- Sponsor
- Geoff Davis
- Introduced
- 2011-05-25
- Latest action
- 2011-05-25 · Introduced in House
Summary
Aged Distilled Spirits Competitiveness Act of 2011 - Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.