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House Bill 4284
116th Congress(2019-2020)
AGED Spirits Act
Introduced
Introduced
Introduced in House on Sep 11, 2019
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Introduced in House 
Sep 11, 2019
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Introduced in House(Sep 11, 2019)
Sep 11, 2019
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 4284 (Introduced-in-House)


116th CONGRESS
1st Session
H. R. 4284


To permanently extend the exemption for the aging process of distilled spirits from the production period for purposes of capitalization of interest costs.

IN THE HOUSE OF REPRESENTATIVES

September 11, 2019

Mr. Yarmuth (for himself, Mr. Barr, Mr. Guthrie, Mr. Comer, Mr. Rogers of Kentucky, and Mr. Massie) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To permanently extend the exemption for the aging process of distilled spirits from the production period for purposes of capitalization of interest costs.

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 “Advancing Growth in the Economy through Distilled Spirits Act” or the “AGED Spirits Act”.

SEC. 2. Production period of distilled spirits.

(a) In general.—Subparagraph (B) of section 263A(f)(4) of the Internal Revenue Code of 1986 is amended to read as follows:

“(B) TERMINATION.—Clauses (i) and (ii) of subparagraph (A) shall not apply to interest costs paid or accrued after December 31, 2019.”.

(b) Effective date.—The amendment made by this section shall apply to interest costs paid or accrued after December 31, 2019.