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HR 1126 115th Congress House

Aged Distilled Spirits Competitiveness Act

Official title: To exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs.

Introduced: February 16, 2017 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
Taxation Alcoholic beveragesBusiness investment and capitalIncome tax deductionsInterest, dividends, interest rates
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2017
Referred to the House Committee on Ways and Means.
Feb 16, 2017
Introduced in House
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 Latest action February 16, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 747 Related bill Craft Beverage Modernization and Tax Reform Act of 2017
  • S 429 Related bill AGED Spirits Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4
R
Comer, James
Kentucky · Feb 16, 2017
 R
Guthrie, Brett
Kentucky · Feb 16, 2017
 R
Massie, Thomas
Kentucky · Feb 16, 2017
 R
Rogers, Harold
Kentucky · Feb 16, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1126: Aged Distilled Spirits Competitiveness Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1126/
MLA
"H.R. 1126: Aged Distilled Spirits Competitiveness Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1126/.
Bluebook (legal)
H.R. 1126, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1126/.
Markdown link
[H.R. 1126: Aged Distilled Spirits Competitiveness Act](https://openamerica.io/bill/115-HR-1126/)
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