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Bill > HR3967


US HR3967

US HR3967
To amend the Internal Revenue Code of 1986 to extend the increased limitation on the cover over of the tax on distilled spirits to Puerto Rico and the Virgin Islands.


summary

Introduced
01/29/2014
In Committee
01/29/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to extend the increased limitation on the cover over of the tax on distilled spirits to Puerto Rico and the Virgin Islands.

AI Summary

This bill extends an increased limit on the amount of tax collected on distilled spirits that can be transferred, or "covered over," to Puerto Rico and the Virgin Islands. Specifically, it amends the Internal Revenue Code of 1986 to change the expiration date for this increased limit from January 1, 2014, to January 1, 2016, meaning this provision will apply to distilled spirits brought into the United States after December 31, 2013.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Referred to the House Committee on Ways and Means. (on 01/29/2014)

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