To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 26
- Latest action
- Feb 14, 2025
What it does
This bill would extend a temporary tax provision that allows increased revenue from distilled spirits taxes to be directed to Puerto Rico and the U.S. Virgin Islands by amending the Internal Revenue Code to change the expiration date from January 1, 2022, to January 1, 2032. The change would apply to distilled spirits brought into the United States after December 31, 2021, ensuring continued financial support for these territories through the extended limitation on the "cover over" of distilled spirits taxes. The bill affects Puerto Rico, the Virgin Islands, and the federal tax treatment of imported distilled spirits. It was introduced in the House and referred to the Committee on Ways and…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.