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SENATE 1477118th CongressRead twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.

Last Action
5/9/2023

Actions

  • 2023-05-09Read twice and referred to the Committee on Finance.
  • 2023-05-09Introduced in Senate

CRS Summary

As of 2023-05-09 (00)

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.

Cosponsors (1)

  • Bill Cassidy (R-LA)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.