[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 867 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 867

    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.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 2015

Mr. Barr (for himself, Mr. Guthrie, Mr. Massie, Mr. Rogers of Kentucky, 
Mr. Whitfield, Mr. Yarmuth, Mr. Cohen, and Mr. Fincher) 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Aged Distilled Spirits 
Competitiveness Act''.

SEC. 2. 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.
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