A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
USA117th CongressS-3383| Senate
| Updated: 12/14/2021
Robert Menendez
Democratic Senator
New Jersey
Cosponsors (1)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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.
Taxation
Alcoholic beveragesCaribbean areaGovernment trust fundsLand use and conservationPuerto RicoSales and excise taxesU.S. territories and protectoratesVirgin Islands
A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
USA117th CongressS-3383| Senate
| Updated: 12/14/2021
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.
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
Cosponsors (1)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Alcoholic beveragesCaribbean areaGovernment trust fundsLand use and conservationPuerto RicoSales and excise taxesU.S. territories and protectoratesVirgin Islands