HR 867
114th Congress
House
Taxation
Business investment and capital
Food industry and services
Income tax deductions
Aged Distilled Spirits Competitiveness Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2015
Referred to the House Committee on Ways and Means.
Feb 11, 2015
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1