H.R. 2520 · 114th Congress
Distillery Innovation and Excise Tax Reform Act
- Stage
- In committee
- Sponsor
- Todd Young
- Introduced
- 2015-05-21
- Latest action
- 2015-05-21 · Introduced in House
Summary
Distillery Innovation and Excise Tax Reform Act of 2015
Amends the Internal Revenue Code to reduce the excise tax rate on distilled spirits produced in or imported into the United States from $13.50 to $9.00 per proof gallon and to $2.70 on the first 100,000 proof gallons. Makes the $2.70 per proof gallon rate applicable to a specified controlled group of corporations that is a distilled spirits operation.