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S. 1179

AGED Spirits Act

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

Amends the Internal Revenue Code to exclude 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.

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2600-2601; text of measure as introduced: CR S2601)

Sen. McConnell, Mitch [R-KY](R-KY)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions4subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2600-2601; text of measure as introduced: CR S2601)

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

AGED Spirits Act — Informed