US HB1126 | 2017-2018 | 115th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-02-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-02-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Aged Distilled Spirits Competitiveness Act This bill amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits that are fit to be used as a beverage, 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
| Rep. Garland Barr [R-KY] | Rep. Brett Guthrie [R-KY] | Rep. James Comer [R-KY] | Rep. Thomas Massie [R-KY] |
| Rep. Harold Rogers [R-KY] | Rep. John Yarmuth [D-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-16 | House | Referred to the House Committee on Ways and Means. |
| 2017-02-16 | House | Introduced in House |
Same As/Similar To
HB747 (Related) 2017-01-30 - Referred to the House Committee on Ways and Means.
SB429 (Related) 2017-02-16 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)
SB429 (Related) 2017-02-16 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1307)
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/115th-congress/house-bill/1126/all-info |
| Text | https://www.congress.gov/115/bills/hr1126/BILLS-115hr1126ih.pdf |
