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Bill > HR1786


US HR1786

US HR1786
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.


summary

Introduced
03/14/2019
In Committee
03/14/2019
Crossed Over
Passed
Dead
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 Puerto Rico and Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund. 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.

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. It 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, which was established through a memorandum of understanding between the U.S. Department of the Interior and the Commonwealth of Puerto Rico in 1968.

Committee Categories

Budget and Finance

Sponsors (60)

Jenniffer González (R)* Karen Bass (D),  Don Beyer (D),  Rob Bishop (R),  Brendan Boyle (D),  Salud Carbajal (D),  Tony Cárdenas (D),  Buddy Carter (R),  Matt Cartwright (D),  Judy Chu (D),  Lou Correa (D),  Charlie Crist (D),  Suzan DelBene (D),  Mario Diaz-Balart (R),  Sean Duffy (R),  Anna Eshoo (D),  Adriano Espaillat (D),  Ruben Gallego (D),  Chuy García (D),  Jimmy Gomez (D),  Raúl Grijalva (D),  Brian Higgins (D),  Jim Himes (D),  Steven Horsford (D),  Hakeem Jeffries (D),  John Katko (R),  Dan Kildee (D),  Andy Kim (D),  Peter King (R),  Ann Kuster (D),  John Larson (D),  Ted Lieu (D),  Ben Ray Luján (D),  Gregory Meeks (D),  Grace Meng (D),  Joe Morelle (D),  Jerry Nadler (D),  Grace Napolitano (D),  Donald Norcross (D),  Frank Pallone (D),  Jimmy Panetta (D),  Bill Pascrell (D),  Donald Payne (D),  Stacey Plaskett (D),  Amata Radewagen (R),  Max Rose (D),  Linda Sánchez (D),  José Serrano (D),  Terri Sewell (D),  Donna Shalala (D),  Albio Sires (D),  Darren Soto (D),  Elise Stefanik (R),  Tom Suozzi (D),  Jeff Van Drew (R),  Nydia Velázquez (D),  Bonnie Watson Coleman (D),  Bruce Westerman (R),  Don Young (R),  Lee Zeldin (R), 

Last Action

Referred to the House Committee on Ways and Means. (on 03/14/2019)

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