S 1477
118th Congress
Senate
Taxation
A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
Introduced: May 9, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2023
Read twice and referred to the Committee on Finance.
May 9, 2023
Introduced in Senate
Plain-English summary
This bill repeals the limitation on the cover over (payment) of distilled spirits excise taxes to the treasuries of Puerto Rico and the U.S. Virgin Islands. It also requires the transfer of a portion of the tax revenues 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