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S. 1179

BillFederalSenateIn Committee
AGED Spirits Act
About This Bill
Committee
Latest Action · May 4, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2600-2601; text of measure as introduced: CR S2601)
Congress
114th (2015–2017)
Introduced
May 4, 2015
Cosponsors (1)
0D 1R
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Summary

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Advancing Growth in the Economy through Distilled Spirits Act or the AGED Spirits Act Amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.

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