A bill to amend the Internal Revenue Code of 1986 to allow distilled spirits wholesalers a credit against income tax for their cost of carrying Federal excise taxes prior to the sale of the product bearing the tax.
Domestic Spirits Tax Equity Act of 2003 - Amends the Internal Revenue Code to establish a credit for wholesalers of distilled spirits for the financing costs of the federal excise tax on such spirits.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S10621)
Read twice and referred to the Committee on Finance.
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