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

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Plain-English summary Congressional Research Service

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 February 16, 2017

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)

Related & companion bills 2