; rule of construction. TITLE I—Production period Sec. 101. Production period for beer, wine, and distilled spirits. TITLE II—Beer Sec. 201. Reduced rate of excise tax on beer. Sec. 202. Use of wholesome products suitable for human food consumption in the production of fermented beverages. Sec. 203. Simplification of rules regarding records, statements, and returns. Sec. 204. Transfer of beer between bonded facilities. TITLE III—Wine Sec. 301. Reduced rate of excise tax on certain wine. Sec. 302. Adjustment of alcohol content level for application of excise tax rates. Sec. 303. Definition of mead and low alcohol by volume wine. TITLE IV—Distilled Spirits Sec. 401. Reduced rate of excise tax on certain distilled spirits. Sec. 402. Bulk distilled spirits. TITLE V—Funding Sec. 501. Increased funding for the Alcohol and Tobacco Tax and Trade Bureau. (c) Rule of construction Nothing in this Act, the amendments made by this Act, or any regulation promulgated under this Act or the amendments made by this Act, shall be construed to preempt, supersede, or otherwise limit or restrict any State, local, or tribal law that prohibits or regulates the production or sale of distilled spirits, wine, or malt beverages. I Production period 101. Production period for beer, wine, and distilled spirits (a) In general Section 263A(f) of the Internal Revenue Code of 1986 is amended— (1) by redesignating paragraph (4) as paragraph (5), and (2) by inserting after paragraph (3) the following new paragraph: (4) Exemption for aging process of beer, wine, and distilled spirits For purposes of this subsection, the production period shall not include the aging period for— (A) beer (as defined in section 5052(a)), (B) wine (as described in section 5041(a)), or (C) distilled spirits (as defined in section 5002(a)(8)), except such spirits that are unfit for use for beverage purposes. . (b) Conforming amendment Paragraph (5)(B)(ii) of section 263A(f) of the Internal Revenue Code of 1986, as redesignated by this section, is amended by inserting