,,ii  #aaeth ,,congress  #ast ,session  
,s4 #dbi  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #af1      
#bjag,mr4 ,mc,connell 7for himself and  
,mr4 ,paul7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to exempt the aging process of       
distilled spirits from the production   
period for purposes of capitalization of
 interest costs4  #a4 ,short title ,this
 ,act may be cited as the ,advancing    
,growth in the ,economy through         
,distilled ,spirits ,act or the ,,aged  
,spirits ,act4  #b4 ,production period  
of distilled spirits  7a7 ,in general   
,section #bfc;,a7f7 of the ,internal    
,revenue ,code of #aihf is amended--    
7#a7 by redesignating paragraph 7#d7 as 
paragraph 7#e71 and  7#b7 by inserting  
after paragraph 7#c7 the following new  
paragraph3  7#d7 ,exemption for aging   
process of distilled spirits ,for       
purposes of this subsection1 the        
production period shall not include the 

aging period for distilled spirits 7as  
described in section #ejjb7;a77#h771    
except such spirits that are unfit for  
use for beverage purposes4  4  7b7      
,conforming amendment ,paragraph        
7#e77;,b77ii7 of section #bfc;,a7f7 of  
the ,internal ,revenue ,code of #aihf1  
as redesignated by this section1 is     
amended by inserting except as provided 
in paragraph 7#d71 before ending on the 
date4  7c7 ,effective date ,the         
amendments made by this section shall   
apply to interest costs paid or incurred
 in taxable years ending on or after    
,december #ca1 #bjah4