S 429
115th Congress
Senate
Taxation
Alcoholic beverages
Business investment and capital
Income tax deductions
Interest, dividends, interest rates
AGED Spirits Act
Introduced: February 16, 2017
Introduced by:
McConnell, Mitch
Republican
· Kentucky
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2017
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)
Feb 16, 2017
Introduced in Senate
Plain-English summary
Advancing Growth in the Economy through Distilled Spirits Act or the AGED Spirits 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
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)
Committees of jurisdiction
1
Cosponsors
1