,,ii  #aafth ,,congress  #ast ,session  
,s4 #bbea  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bd1     
#bjai,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 permanently extend the exemption  
for 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 ,subparagraph 7,b7 of   
section #bfc;,a7f77#d7 of the ,internal 
,revenue ,code of #aihf is amended to   
read as follows3  7,b7 ,termination     
,clauses 7i7 and 7ii7 of subparagraph   
7,a7 shall not apply to interest costs  
paid or accrued after ,december #ca1    
#bjai4  4  7b7 ,effective date ,the     
amendment made by this section shall    

apply to interest costs paid or accrued 
after ,december #ca1 #bjai4