HR 1986 · 112th Congress · Taxation
Aged Distilled Spirits Competitiveness Act of 2011
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2011-05-25)
Plain Language Summary
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Aged Distilled Spirits Competitiveness Act of 2011 - 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