I 111th CONGRESS 2d Session H. R. 4873 IN THE HOUSE OF REPRESENTATIVES March 17, 2010 Mr. Chandler (for himself, Mr. Guthrie, Mr. Whitfield, Mr. Rogers of Kentucky, Mr. Davis of Kentucky, and Mr. Yarmuth) introduced the following bill; which was referred to the Committee on Ways and Means A BILL 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.

1.

Exemption of natural aging process in determination of production period for distilled spirits under section 263A

(a)

In general

Section 263A(f) of the Internal Revenue Code of 1986 (relating to general exceptions) is amended by adding at the end the following new paragraph: (5)

Exemption of natural aging process in determination of production period for distilled spirits

For purposes of this subsection, the production period for distilled spirits shall be determined without regard to any period allocated to the natural aging process.. (b)

Effective date

The amendment made by this section shall apply to production periods beginning after the date of the enactment of this Act.