US SB1457 | 2013-2014 | 113th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on August 1 2013 - 25% progression, died in committee
Action: 2013-08-01 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6229)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 1 2013 - 25% progression, died in committee
Action: 2013-08-01 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6229)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Aged Distilled Spirits Competitiveness 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 Distilled Spirits Competitiveness Act
Sponsors
| Sen. Mitch McConnell [R-KY] | Sen. Mary Landrieu [D-LA] | Sen. Rand Paul [R-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-08-01 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6229) |
Same As/Similar To
HB2312 (Related) 2013-06-14 - Sponsor introductory remarks on measure. (CR H3638-3639)
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/113th-congress/senate-bill/1457/all-info |
| Text | https://www.congress.gov/113/bills/s1457/BILLS-113s1457is.pdf |
