To amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico.

Bill: 114-hr-2117
Sponsor: full_name: Del. Plaskett, Stacey E. [D-VI-At Large]
Introduced: 2015-04-29
Policy area: Taxation
Subjects: Alcoholic beverages

Caribbean area

Intergovernmental relations

Puerto Rico

Sales and excise taxes

State and local finance

U.S. territories and protectorates

Virgin Islands
Latest action: action_date: 2015-04-29
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-04-29
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to repeal the limitation on the amount of distilled spirits excise taxes covered over (paid into) to treasuries of the Virgin Islands and the Commonwealth of Puerto Rico. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2117 IN THE HOUSE OF REPRESENTATIVES April 29, 2015 Ms. Plaskett introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the limitation on the amount of distilled spirits taxes covered over to the Virgin Islands and Puerto Rico.

1. Repeal of limitation on cover over of distilled spirits taxes to Virgin Islands and Puerto Rico (a) In general Section 7652 of the Internal Revenue Code of 1986 is amended by striking subsection (f) and by redesignating subsections (g) and (h) as subsections (f) and (g), respectively. (b) Effective date The amendments made by this section shall apply to distilled spirits brought into the United States after December 31, 2015.