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Kentucky Congressmen Geoff Davis (R) and Ben Chandler (D) introduced last week H.R. 1986, the Aged Distilled Spirits Competitiveness Act of 2011 to amend the tax code to end the inequitable tax treatment of aged distilled spirits such as bourbon, according to a news release from Chandler’s office, who represents Anderson County as part of his congressional district.
Inequality in the current rules forces distillers of aged spirits to carry additional inventory costs over the long periods of time required to create these products.
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