PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text: CR S5064)
Congressional Research Service
Version 00 · Introduced in Senate · Jul 24, 2019
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.
People & committees
Sen. McConnell, Mitch [R-KY] · R–KY
Legislative record
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Read twice and referred to the Committee on Finance. (text: CR S5064)
Introduced in Senate
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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