Summary: H.R.867 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.867. Bill summaries are authored by CRS.

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Introduced in House (02/11/2015)

Aged Distilled Spirits Competitiveness Act

Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.