S. 1027Senate109th Congress (2005-2007)In Committee

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.

Introduced May 12, 2005

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

May 12, 2005

View full timeline
SenateIntro Referral

Introduced in Senate

May 12, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance.

May 12, 2005

Floor Debate

1 member

What members said about S. 1027 on the floor

1 Republican
Elton Gallegly
Rep. Elton GalleglyR-CA-24 · Dec 14, 2005

Mr. Speaker, on Tuesday, December 13, 2005, I was unable to vote on the motion to suspend the rules and agree to H. Res. 487, Supporting the goals and ideals of Korean American Day (rollcall 623); on…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued May 12, 2005

II

109th CONGRESS

1st Session

S. 1027

IN THE SENATE OF THE UNITED STATES

May 12, 2005

Mr. Bunning introduced the following bill; which was read twice and referred to the Committee on Finance

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.

1.

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.