To amend the Internal Revenue Code of 1986 to make permanent the increase in the cover over of tax on distilled spirits to Puerto Rico and the Virgin Islands.

Fact Sheet API

Bill Number

HR 3114

Introduced

Oct 12, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Agriculture and Food Alcohol tax Alcoholic beverage industry Commerce Economics and Public Finance Environmental Protection Federal-territorial relations Government Operations and Politics Government trust funds Intergovernmental fiscal relations Nature conservation Public Lands and Natural Resources Puerto Rico Taxation Territories (U.S.) Virgin Islands

Full Text

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Votes

Summary

Amends the Internal Revenue Code to make permanent the increase in the cover over of tax on distilled spirits to Puerto Rico and the Virgin Islands. Requires, for a five year period, the treasury of Puerto Rico to make a Conservation Trust Fund transfer within 30 days from the date of each cover over payment made during such period. Permits a good cause exception. Defines a Conservation Trust Fund transfer.

Actions

Oct 12, 2001

Referred to the House Committee on Ways and Means.
Oct 12, 2001

Introduced in House

Amendments

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