3.0.0 429 2023-01-11T13:34:45Z 2023-01-11T13:34:45Z Senate S 2017-02-16 115 ssfi00 Finance Committee Senate Standing Referred to 2017-02-16T23:01:16Z Craft Beverage Modernization and Tax Reform Act of 2017 115 747 HR 2017-01-30 Referred to the House Committee on Ways and Means. Related bill CRS Aged Distilled Spirits Competitiveness Act 115 1126 HR 2017-02-16 Referred to the House Committee on Ways and Means. Related bill CRS 2017-02-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307) IntroReferral 2017-02-16 Introduced in Senate IntroReferral 10000 9 Library of Congress M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY N P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2017-02-16 True Taxation Alcoholic beverages Business investment and capital Income tax deductions Interest, dividends, interest rates Taxation 00 2017-02-16 Introduced in Senate 2017-03-06T14:36:20Z 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.

]]> AGED Spirits Act Display Title AGED Spirits Act Official Title as Introduced A bill to exempt the aging process of distilled spirits from the production period for purposes of capitalization of interest costs. Introduced in Senate IS Short Titles as Introduced AGED Spirits Act Short Titles as Introduced Advancing Growth in the Economy through Distilled Spirits Act Introduced in Senate 2017-02-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s429is/xml/BILLS-115s429is.xml 2017-02-16 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.