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Distilled Spirits Tax Changes: Support for Puerto Rico and Virgin Islands.

This bill amends the rules for transferring distilled spirits tax revenues to Puerto Rico and the Virgin Islands. It removes previous limitations on these transfers, potentially increasing funds for these territories. Additionally, a portion of rum tax revenues from Puerto Rico will be directed to a conservation trust fund.
Key points
Removal of the cap on distilled spirits tax transfers to Puerto Rico and the Virgin Islands, potentially boosting their budgets.
Mandatory transfer of a portion of Puerto Rico rum tax revenues to the Puerto Rico Conservation Trust Fund.
Adjustments to how transferred tax amounts are calculated, aiming for financial stability for these territories.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4642
Sponsor: Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
Process start date: 2021-07-22
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4642.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-22.

What are the main provisions?

Key points include:

  • Removal of the cap on distilled spirits tax transfers to Puerto Rico and the Virgin Islands, potentially boosting their budgets.
  • Mandatory transfer of a portion of Puerto Rico rum tax revenues to the Puerto Rico Conservation Trust Fund.
  • Adjustments to how transferred tax amounts are calculated, aiming for financial stability for these territories.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Resident Commissioner González-Colón, Jenniffer [R-PR-At Large].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Environment