Summary: H.R.1126 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.1126. Bill summaries are authored by CRS.

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Introduced in House (02/16/2017)

Aged Distilled Spirits Competitiveness 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.