H.R. 867 · 114th Congress
Aged Distilled Spirits Competitiveness Act
- Stage
- In committee
- Sponsor
- Andy Barr
- Introduced
- 2015-02-11
- Latest action
- 2015-02-11 · Introduced in House
Summary
Aged Distilled Spirits Competitiveness Act
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.