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US HR2520

US HR2520
Distillery Innovation and Excise Tax Reform Act


summary

Introduced
05/21/2015
In Committee
05/21/2015
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

Distillery Innovation and Excise Tax Reform Act Amends the Internal Revenue Code to reduce the excise tax rate on distilled spirits produced in or imported into the United States from $13.50 to $9.00 per proof gallon and to $2.70 on the first 100,000 proof gallons. Makes the $2.70 per proof gallon rate applicable to a specified controlled group of corporations that is a distilled spirits operation.

Committee Categories

Budget and Finance

Sponsors (16)

Last Action

Referred to the House Committee on Ways and Means. (on 05/21/2015)

bill text


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