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HR 1126 115th Congress House Taxation Alcoholic beverages Business investment and capital Income tax deductions Interest, dividends, interest rates

Aged Distilled Spirits Competitiveness Act

Introduced: February 16, 2017 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
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 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
 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.

What's happening now February 16, 2017

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4