A bill 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
- Senate
- Sponsor
- 1
- Latest action
- Jun 9, 2025
What it does
The bill would extend a temporary increase in the limitation on the "cover over" of distilled spirits taxes for Puerto Rico and the Virgin Islands by amending the Internal Revenue Code to change the expiration date from January 1, 2022, to January 1, 2032. This change would allow continued higher tax revenue transfers to these territories from distilled spirits imported into the United States after December 31, 2021. The amendment affects distilled spirits brought into the U.S. after that date and applies to the tax treatment of such imports under existing federal law. The bill was introduced in the Senate and referred to the Committee on Finance for further consideration.
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.