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H.R. 4284

AGED Spirits Act

Advancing Growth in the Economy through Distilled Spirits Act or the AGED Spirits Act

This bill amends the Internal Revenue Code to exclude, after 2019, 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. This allows producers of distilled spirits to deduct interest expense associated with production in the year it is paid.

Referred to the House Committee on Ways and Means.

Rep. Yarmuth, John A. [D-KY-3](D-KY)Sponsor
5 cosponsors5 R
5cosponsors1committees3actions1related bills4subjects
  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

AGED Spirits Act — Informed