Article

TCJA 2017 Provides Temporary UNICAP Relief to Producers of Aged Spirits

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Abstract

The Tax Cut and Jobs Act of 2017 (TCJA 2017) excludes the aging period from the production period for aged wine, aged beer and aged distilled spirits for human consumption. The exclusion is available only as to imposition of the Uniform Capitalization (UNICAP) rules as to interest costs allocable to such products and incurred after December 31, 2017 and before January 1, 2020. Note that the majority of TCJA 2017 provisions are either permanent or effective from January 2018 through December 31, 2026.

How to Cite:

Achenbach, R. P., (2018) “TCJA 2017 Provides Temporary UNICAP Relief to Producers of Aged Spirits”, Agricultural Law Digest 29(12), 89–90.