H.R. 4873 (111th): 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.

Introduced:
Mar 17, 2010 (111th Congress, 2009–2010)
Sponsor:
Rep. Ben Chandler [D-KY6]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 17, 2010, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 17, 2010
Cosponsors
5 cosponsors (4R, 1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Mar 17, 2010.
2 pages

Primary Source

View on THOMAS (The Library of Congress)

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/17/2010--Introduced.
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.

House Republican Conference Summary

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