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- S.2251
S.2251: AGED Spirits Act
About This Bill
- Introduced July 24, 2019
- Latest Major Action July 24, 2019
Bill Sponsor
Bill Cosponsor
Bill Versions
- Introduced in Senate - July 24, 2019
- Introduced in Senate - July 24, 2019
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, after 2019, 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. This allows producers of distilled spirits to deduct interest expense associated...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 24, 2019 |
Read twice and referred to the Committee on Finance.
|
| July 24, 2019 |
Read twice and referred to the Committee on Finance. (text: CR S5064)
|
| July 24, 2019 |
Introduced in the Senate by Mitch McConnell (R-Ky.) |