Details of Public Law 116-260, section 106 , Certain Provisions Related to Beer, Wine, and Distilled Spirits

California conforms, under the PITL and CTL, to the federal rules for capitalization and inclusion in inventory for costs of certain expenses, also known as the UNICAP rules, under IRC section 263A, as of the specified date of January 1, 2015, but does not conform to this federal provision that makes permanent the exception to the UNICAP rules for the allocation of interest for the production period for beer, wine, and distilled spirits.

FTB does not administer the laws that affect beer, wine, and distilled spirits.

20/21 21/22 22/23 23/24 N/A $ (1,000,000) $ (600,000) $ (500,000)