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H.R. 867

BillFederalHouseIn Committee
Aged Distilled Spirits Competitiveness Act
About This Bill
Committee
Latest Action · February 11, 2015
Referred to the House Committee on Ways and Means.
Congress
114th (2015–2017)
Introduced
February 11, 2015
Cosponsors (8)
2D 6R
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Summary

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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.

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