US SB1179 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on May 4 2015 - 25% progression, died in committee
Action: 2015-05-04 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2600-2601; text of measure as introduced: CR S2601)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 4 2015 - 25% progression, died in committee
Action: 2015-05-04 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2600-2601; text of measure as introduced: CR S2601)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
AGED Spirits Act Advancing Growth in the Economy through Distilled Spirits Act Amends the Internal Revenue Code to exclude 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.
Title
AGED Spirits Act Advancing Growth in the Economy through Distilled Spirits Act
Sponsors
| Sen. Mitch McConnell [R-KY] | Sen. Rand Paul [R-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-05-04 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2600-2601; text of measure as introduced: CR S2601) |
Subjects
Alcoholic beverages
Business investment and capital
Income tax deductions
Interest, dividends, interest rates
Taxation
Business investment and capital
Income tax deductions
Interest, dividends, interest rates
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/1179/all-info |
| Text | https://www.congress.gov/114/bills/s1179/BILLS-114s1179is.pdf |
