A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
Summary
This bill repeals the limitation on the cover over (i.e., payment) of taxes on certain distilled spirits into the treasuries of Puerto Rico and the U.S. Virgin Islands. It also requires that certain amounts collected on rum transported to the United States that are covered over be transferred to the Puerto Rico Conservation Trust Fund.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2021
Committee Review
Floor Vote
President
Introduced Dec 14, 2021
Last action Dec 14, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 14, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Dec 14, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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