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.
Sponsored By: Senator Cassidy, Bill [R-LA]
Introduced
Summary
Extends the temporary 'cover‑over' transfer of federal distilled spirits excise taxes to Puerto Rico and the Virgin Islands through January 1, 2032. Shipments of distilled spirits entered after December 31, 2021 would remain subject to that extended sunset.
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- Puerto Rico and the U.S. Virgin Islands: Preserves a revenue stream from a share of federal distilled spirits excise taxes for another 10 years, supporting territorial budgets tied to that transfer.
- Tax administration: Keeps the existing cover‑over mechanism in place and does not change how the transferred amount is calculated or distributed.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More spirits tax transfers to territories
If enacted, this bill would extend higher transfers of federal distilled spirits excise taxes to Puerto Rico and the U.S. Virgin Islands until January 1, 2032. The change would apply to distilled spirits brought into the United States after December 31, 2021. The bill would keep the current cover-over method and would not change how amounts are calculated.
Sponsors & CoSponsors
Sponsor
Cassidy, Bill [R-LA]
LA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov