S 3383
117th Congress
Senate
Taxation
Alcoholic beverages
Caribbean area
Government trust funds
Land use and conservation
Puerto Rico
Sales and excise taxes
U.S. territories and protectorates
Virgin Islands
A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
Introduced: December 14, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2021
Read twice and referred to the Committee on Finance.
Dec 14, 2021
Introduced in Senate
Plain-English summary
This bill repeals the limitation on the cover over (i.e., payment) of taxes on certain distilled spirits into the treasuries of Puerto Rico and the U.S. Virgin Islands. It also requires that certain amounts collected on rum transported to the United States that are covered over be transferred to the Puerto Rico Conservation Trust Fund.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1