H.R. 1126 · 115th Congress
Aged Distilled Spirits Competitiveness Act
- Stage
- In committee
- Sponsor
- Andy Barr
- Introduced
- 2017-02-16
- Latest action
- 2017-02-16 · Introduced in House
Summary
Aged Distilled Spirits Competitiveness Act
This bill amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits that are fit to be used as a beverage, for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.