H.R.1986 - Aged Distilled Spirits Competitiveness Act of 2011

To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986. view all titles (2)

All Bill Titles

  • Official: To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986. as introduced.
  • Short: Aged Distilled Spirits Competitiveness Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/25/11
 
 
 
 
 
 
 

Sponsor

Representative

Geoff Davis

R-KY

View Co-Sponsors (8)

Official Summary

Aged Distilled Spirits Competitiveness Act of 2011 - 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 capita

Official Summary

Aged Distilled Spirits Competitiveness Act of 2011 - 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.

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