Senate Bill 429
115th Congress(2017-2018)
AGED Spirits Act
Introduced
Introduced in Senate on Feb 16, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
429
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Advancing Growth in the Economy through Distilled Spirits Act or the AGED Spirits Act
This bill amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits that are fit to be used as a beverage, for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.
February 16, 2017
02/16/2017
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)
02/16/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:34:45 PM