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RCP Congressional Bill Tracker - H.R. 867

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H.R. 867: Aged Distilled Spirits Competitiveness Act

Title: Aged Distilled Spirits Competitiveness Act

Introduced: Feb 11, 2015 (114th Congress)

Sponsor: Rep. Garland "Andy" Barr [R-KY6]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

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.

Votes


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