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- S.429
S.429: AGED Spirits Act
About This Bill
- Introduced Feb. 16, 2017
- Latest Major Action Feb. 16, 2017
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Feb. 16, 2017
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 16, 2017 |
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)
|
| Feb. 16, 2017 |
Introduced in the Senate by Mitch McConnell (R-Ky.) |