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116TH CONGRESS
1ST SESSION H. R. 4284
To permanently extend the exemption for the aging process of distilled spirits
from the production period for purposes of capitalization of interest costs.
IN THE HOUSE OF REPRESENTATIVES
SEPTEMBER 11, 2019
Mr. YARMUTH (for himself, Mr. BARR, Mr. GUTHRIE, Mr. COMER, Mr. ROG-
ERS of Kentucky, and Mr. MASSIE) introduced the following bill; which
was referred to the Committee on Ways and Means
A BILL
To permanently extend the exemption for the aging process
of distilled spirits from the production period for pur-
poses of capitalization of interest costs.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Advancing Growth in
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the Economy through Distilled Spirits Act’’ or the
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‘‘AGED Spirits Act’’.
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•HR 4284 IH
SEC. 2. PRODUCTION PERIOD OF DISTILLED SPIRITS.
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(a) IN GENERAL.—Subparagraph (B) of section
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263A(f)(4) of the Internal Revenue Code of 1986 is
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amended to read as follows:
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‘‘(B) TERMINATION.—Clauses (i) and (ii)
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of subparagraph (A) shall not apply to interest
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costs paid or accrued after December 31,
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2019.’’.
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(b) EFFECTIVE DATE.—The amendment made by
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this section shall apply to interest costs paid or accrued
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after December 31, 2019.
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