HR 4873 · 111th Congress · Taxation
To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2010-03-17)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
1 Democrat4 Republicans