,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #ggjg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ba1 #bjbj,mr4  
,la,hood 7= himself & ,mr4 ,panetta7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide a cr$it = !    
uncollectible acc\nts ( eligible        
:olesale di/ributors4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,provid+      
,liquidity = ,uncollectible ,sales ,act 
( #bjbj or z ! ,,plus ,act ( #bjbj4  #b4
 ,cr$it = uncollectible acc\nts (       
eligible :olesale di/ributors  7a7 ,9   
g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ aft] section    
#de,t ! foll[+ new section3  #de,u4     
,:olesale di/ributor uncollectible      
acc\nts cr$it  7a7 ,9 g5]al ,= purposes 
( section #ch1 9 ! case ( an eligible   
:olesale di/ributor1 ! :olesale         
di/ributor uncollectible acc\nts cr$it  
det]m9$ "u ?is section = ! taxable ye>  

is an am\nt equal to ! qualifi$ acc\nts 
receivables ( su* di/ributor :i* become 
uncollectible dur+ su* taxable ye>4  7b7
 ,eligible :olesale di/ributor ,=       
purposes ( ?is section1 ! t]m eligible  
:olesale di/ributor means any p]son     
engag$ 9 ! trade or bus9ess ( sell+     
inv5tory to food & bev]age e/abli%m5ts4 
7c7 ,qualifi$ acc\nts receivable ,=     
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m qualifi$ acc\nts receivable means
 any acc\nts receivable :i* 0 accru$    
pursuant to normal paym5t t]ms by an    
eligible :olesale di/ributor = ! sale ( 
inv5tory deliv]$ on or be=e ,m>* #be1   
#bjbj1 to a qualifi$ food & bev]age     
e/abli%m5t4  7#b7 ,normal paym5t t]ms   
,an am\nt %all be treat$ z accru$       
pursuant to normal paym5t t]ms if x is  
accru$ "u ! applicable paym5t t]ms 9    
effect on ,m>* #be1 #bjbj1 "u an        
agreem5t e/abli%$ prior to t date betwe5
 ! eligible :olesale di/ributor & !     
qualifi$ food & bev]age e/abli%m5t4     
7#c7 ,presumption ( uncollectability ,= 

purposes ( ?is section1 a qualifi$      
acc\nts receivable %all be treat$ z     
becom+ uncollectible dur+ ! taxable ye> 
( ! eligible :olesale di/ributor :i*    
includes ,july #ae1 #bjbj1 if-- 7,a7 !  
qualifi$ food & bev]age e/abli%m5t to   
:i* su* qualifi$ acc\nts receivable     
relates does n provide on-premises      
consumption pursuant to an ord] or      
recomm5dation ( an applicable ,f$]al1   
,/ate1 or municipal au?ority = at lea/  
#cj days dur+ ! p]iod beg9n+ on ,m>*    
#be1 #bjbj1 & end+ on ,july #ae1 #bjbj1 
&  7,b7 su* qualifi$ acc\nts receivable 
is n paid be=e ! close ( su* taxable    
ye>4  7d7 ,qualifi$ food & bev]age      
e/abli%m5t ,= purposes ( ?is section--  
7#a7 ,qualifi$ food & bev]age e/abli%m5t
 ,! t]m qualifi$ food & bev]age         
e/abli%m5t means a food & bev]age       
e/abli%m5t )9 ! ,unit$ ,/ates t ceases  
to provide on-premises consumption (    
food & bev]age on or aft] ,m>* #be1     
#bjbj1 pursuant to an ord] or           
recomm5dation ( an applicable ,f$]al1   

,/ate1 or municipal au?ority4  7#b7     
,food & bev]age e/abli%m5t ,! t]m food &
 bev]age e/abli%m5t means a comm]cial   
e/abli%m5t engag$ 9 ! trade or bus9ess (
 prep>+ food & bev]age = consumption    
on-premises or (f-premises4  7e7        
,inv5tory ,= purposes ( ?is section1 !  
t]m inv5tory means prop]ty describ$ 9   
section #abba7;a77#a7 9 ! h&s ( ! food &
 bev]age e/abli%m5ts to :i* sold by !   
eligible :olesale di/ributor4  7f7      
,coord9ation ) d$uction = bad debts ,any
 am\nt all[$ z a cr$it "u ?is section w 
n be all[able z a d$uction "u section   
#aff4  4  7b7 ,con=m+ am5dm5ts ,section 
#ch7;b7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$ by /rik+ plus at ! end ( 
p>agraph 7#cb71 by /rik+ ! p]iod at !   
end ( p>agraph 7#cc7 & ins]t+ 1 plus1 & 
by add+ aft] p>agraph 7#cc7 ! foll[+ new
 p>agraph3  7#cd7 9 ! case ( an eligible
 :olesale di/ributor 7z def9$ 9 section 
#de,u7b771 ! :olesale di/ributor        
uncollectible acc\nts cr$it det]m9$ "u  
section #de,u7a74  4  7c7 ,effective    

date ,! am5dm5ts made by ?is sections   
%all apply to taxable ye>s end+ aft]    
,m>* #be1 #bjbj4