118th Congress · SENATE BILLBILL

S. 1477A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.

A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.

Taxation
Introduced May 9, 2023
Last action May 9, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 9, 2023
Step 2
Referred
May 9, 2023
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill repeals the limitation on the cover over (payment) of distilled spirits excise taxes to the treasuries of Puerto Rico and the U.S. Virgin Islands. It also requires the transfer of a portion of the tax revenues to the Puerto Rico Conservation Trust Fund.

Provisions · 1 sectionsIntroduced in Senate
Timeline · 2 actions
May 9, 2023
Introduced in Senate
May 9, 2023
Read twice and referred to the Committee on Finance.