This bill amends the Internal Revenue Code to repeal the provision that requires revenue from excise taxes on rum imported into the United States to be covered (paid) into the treasuries of Puerto Rico and the Virgin Islands.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Alcoholic beveragesCaribbean areaIntergovernmental relationsPuerto RicoSales and excise taxesState and local financeU.S. territories and protectoratesVirgin Islands
To amend the Internal Revenue Code of 1986 to repeal the cover-over of rum excise tax revenue.
USA115th CongressHR-3476| House
| Updated: 7/27/2017
This bill amends the Internal Revenue Code to repeal the provision that requires revenue from excise taxes on rum imported into the United States to be covered (paid) into the treasuries of Puerto Rico and the Virgin Islands.
Alcoholic beveragesCaribbean areaIntergovernmental relationsPuerto RicoSales and excise taxesState and local financeU.S. territories and protectoratesVirgin Islands