H.R.2312 - Aged Distilled Spirits Competitiveness Act113th Congress (2013-2014)
Text: H.R.2312 — 113th Congress (2013-2014)
There is one version of the bill.
Introduced in House (06/11/2013)
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[Congressional Bills 113th Congress] [From the U.S. Government Printing Office] [H.R. 2312 Introduced in House (IH)] 113th CONGRESS 1st Session H. R. 2312 To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 11, 2013 Mr. Barr (for himself, Mr. Guthrie, Mr. Rogers of Kentucky, Mr. Whitfield, Mr. Yarmuth, and Mr. Massie) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Aged Distilled Spirits Competitiveness Act''. SEC. 2. EXEMPTION OF NATURAL AGING PROCESS IN DETERMINATION OF PRODUCTION PERIOD FOR DISTILLED SPIRITS UNDER SECTION 263A. (a) In General.--Section 263A(f) of the Internal Revenue Code of 1986 (relating to general exceptions) is amended by adding at the end the following new paragraph: ``(5) Exemption of natural aging process in determination of production period for distilled spirits.--For purposes of this subsection, the production period for distilled spirits shall be determined without regard to any period allocated to the natural aging process.''. (b) Effective Date.--The amendment made by this section shall apply to production periods beginning after the date of the enactment of this Act. <all>