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

Bill: 117-hr-1425
Sponsor: full_name: Del. Plaskett, Stacey E. [D-VI-At Large]
Introduced: 2021-02-26
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: 2021-02-26
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-02-26
action_desc: Introduced in House
text: <p>This bill repeals the limitation on the amount of distilled spirits excise taxes covered over (paid) to the treasuries of the Virgin Islands and Puerto Rico.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1425 IN THE HOUSE OF REPRESENTATIVES February 26, 2021 Ms. Plaskett (for herself and Miss González-Colón ) 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 cover over of distilled spirits taxes to the Virgin Islands and Puerto Rico.

1. Repeal of limitation on cover over of distilled spirits taxes (a) In general Section 7652 of the Internal Revenue Code of 1986 is amended by striking subsection (f) and by redesignating subsections (g), (h), and (i) as subsections (f), (g), and (h), respectively. (b) Conforming amendment Section 7652(f)(1) of such Code, as redesignated by subsection (a), is amended— (1) by striking subparagraph (B), and (2) by striking as if— and all that follows through the use and tax and inserting as if the use and tax . (c) Effective date The amendments made by this section shall apply to distilled spirits brought into the United States after December 31, 2020.