Summary: S.1457 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for S.1457. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (08/01/2013)

Aged Distilled Spirits Competitiveness 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.