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H.R. 2520

Distillery Innovation and Excise Tax Reform Act

Distillery Innovation and Excise Tax Reform Act of 2015

Amends the Internal Revenue Code to reduce the excise tax rate on distilled spirits produced in or imported into the United States from $13.50 to $9.00 per proof gallon and to $2.70 on the first 100,000 proof gallons. Makes the $2.70 per proof gallon rate applicable to a specified controlled group of corporations that is a distilled spirits operation.

Referred to the House Committee on Ways and Means.

Rep. Young, Todd [R-IN-9](R-IN)Sponsor
15 cosponsors4 D11 R
15cosponsors1committees3actions1related bills2subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Distillery Innovation and Excise Tax Reform Act — Informed