H.R. 3979House108th Congress (2003-2005)In Committee

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.

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

March 16, 2004

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HouseIntro Referral

Introduced in House

March 16, 2004

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

March 16, 2004

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Introduced in HouseIssued March 16, 2004

108th CONGRESS

2d Session

H. R. 3979

IN THE HOUSE OF REPRESENTATIVES

March 16, 2004

Mr. Lewis of Kentucky 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.

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.