Yarmuth, Barr Introduce Aged Distilled Spirits Competitiveness Act
September 12, 2019
September 12, 2019
WASHINGTON, Sept. 12 -- Rep. John A. Yarmuth, D-Kentucky, issued the following news release:
Today, Congressmen John Yarmuth (KY-3) and Andy Barr (KY-6) introduced H.R. 4284, the Aged Distilled Spirits Competitiveness Act, legislation to permanently correct the U.S. tax code to level the playing field for bourbon distillers, allowing them to deduct interest expenses associated with production in the year it is paid, not when the bourbon is bottled and sold.
"This c . . .
Today, Congressmen John Yarmuth (KY-3) and Andy Barr (KY-6) introduced H.R. 4284, the Aged Distilled Spirits Competitiveness Act, legislation to permanently correct the U.S. tax code to level the playing field for bourbon distillers, allowing them to deduct interest expenses associated with production in the year it is paid, not when the bourbon is bottled and sold.
"This c . . .