HOUSE 1126115th CongressReferred to the House Committee on Ways and Means.

Aged Distilled Spirits Competitiveness Act

Last Action: 2/16/2017

Actions

2017-02-16Referred to the House Committee on Ways and Means.
2017-02-16Introduced in House
2017-02-16Introduced in House

CRS Summary

As of 2017-02-16 (00)

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.

Cosponsors (5)

Brett Guthrie (R-KY)
James Comer (R-KY)
Thomas Massie (R-KY)
HAROLD ROGERS (R-KY)
John Yarmuth (D-KY)

Subjects

Alcoholic beverages
Business investment and capital
Income tax deductions
Interest, dividends, interest rates

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