Bill
Bill > HR409
US HR409
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.
summary
Introduced
01/09/2019
01/09/2019
In Committee
01/09/2019
01/09/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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. 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.
AI Summary
This bill repeals the limitation on the amount of distilled spirits excise taxes that can be covered over (paid) to the treasuries of the Virgin Islands and Puerto Rico. The Internal Revenue Code previously imposed a cap on the amount of these taxes that could be transferred to the territories, and this bill removes that cap. The amendments made by this bill will apply to distilled spirits brought into the United States after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 01/09/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/409/all-info |
| BillText | https://www.congress.gov/116/bills/hr409/BILLS-116hr409ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr409/BILLS-116hr409ih.pdf.pdf |
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