United States · Bill · S
S. 2251 (116th)
AGED Spirits Act
Introduced
24 July 2019
Last action
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Status
Read twice and referred to the Committee on Finance. (text: CR S5064)
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Advancing Growth in the Economy through Distilled Spirits Act or the AGED Spirits Act This bill amends the Internal Revenue Code to exclude, after 2019, the aging period from the production period for distilled spirits, for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period. This allows producers of distilled spirits to deduct interest expense associated with production in the year it is paid.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 24 July 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 24 July 2019
Introduced in Senate
summary · EN · 24 July 2019
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/2251
- Open data entity: https://api.congress.gov/v3/bill/116/s/2251