A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund.
USA116th CongressS-3101| Senate
| Updated: 12/18/2019
Robert Menendez
Democratic Senator
New Jersey
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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. The bill also requires the Department of the Treasury to transfer a portion of the amount required to be covered over to Puerto Rico to the Puerto Rico Conservation Trust Fund.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Alcoholic beveragesCaribbean areaIntergovernmental relationsPuerto RicoSales and excise taxesState and local financeU.S. territories and protectoratesVirgin IslandsWilderness and natural areas, wildlife refuges, wild rivers, habitatsWildlife conservation and habitat protection
A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund.
USA116th CongressS-3101| Senate
| Updated: 12/18/2019
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. The bill also requires the Department of the Treasury to transfer a portion of the amount required to be covered over to Puerto Rico to the Puerto Rico Conservation Trust Fund.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Robert Menendez
Democratic Senator
New Jersey
Finance Committee
Taxation
Related Bills
- HR 116-1786: To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund.
- HR 116-5687: Emergency Supplemental Appropriations for Disaster Relief and Puerto Rico Disaster Tax Relief Act, 2020
- HR 116-409: 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.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Alcoholic beveragesCaribbean areaIntergovernmental relationsPuerto RicoSales and excise taxesState and local financeU.S. territories and protectoratesVirgin IslandsWilderness and natural areas, wildlife refuges, wild rivers, habitatsWildlife conservation and habitat protection