S.1457 - Aged Distilled Spirits Competitiveness Act

A bill to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs. view all titles (2)

All Bill Titles

  • Official: A bill to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs. as introduced.
  • Short: Aged Distilled Spirits Competitiveness Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
08/01/13
 
 
 
 
 
 
 

Official Summary

Aged Distilled Spirits Competitiveness Act - Amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits 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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