Distillery Excise Tax Reform Act of 2015
Last action on May 21, 2015Read twice and referred to the Committee on Finance.
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Summary
Distillery Excise Tax Reform Act of 2015
Amends the Internal Revenue Code to reduce to $2.70 per proof gallon the excise tax rate on the first 100,000 proof gallons of distilled spirits that are removed in the calendar year and that have been distilled, processed, or bottled by a distilled spirits operation at a qualified facility in the United States. Makes this rate reduction applicable to a specified controlled group of corporations that is a distilled spirits operation.
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