S 1986 · 119th CongressIn Committeecongress.gov ↗
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.
What this bill does
AI plain-language summaryThis bill would change the tax code to continue a temporary rule that allows a larger share of federal taxes collected on distilled spirits (like rum) to be sent back to Puerto Rico and the Virgin Islands. No official summary is available for this bill.
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