There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/11/2013)

Aged Distilled Spirits Competitiveness Act - 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.