S. 1477 · 118th Congress · Senate

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

Active· Read twice and referred to the Committee on Finance.
Introduced
May 9, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

2
  1. MAY 09, 2023IntroReferral

    Introduced in Senate

  2. MAY 09, 2023IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: May 9, 2023

Active