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 2005 - Amends the Internal Revenue Code to allow wholesalers of distilled spirits a business tax credit for the financing costs of the Federal excise tax on such spirits.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2998-2999)
Read twice and referred to the Committee on Finance.
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