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Virgin Islands Fuel Tax Revenue Directed to Local Treasury

This bill changes how taxes on fuel produced in the Virgin Islands and imported into the United States are handled. Instead of going to the U.S. federal treasury, these taxes will now be directed to the Virgin Islands' own treasury. This aims to provide financial support to the Virgin Islands, potentially impacting local services and infrastructure.
Key points
Taxes on fuel from the Virgin Islands imported into the U.S. will go to the Virgin Islands treasury.
The change applies to fuel entered into the U.S. after December 31, 2022.
This could increase the Virgin Islands' revenue, potentially affecting local investments and public services.
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Additional Information
Print number: 118_HR_1035
Sponsor: Del. Plaskett, Stacey E. [D-VI-At Large]
Process start date: 2023-02-14
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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 cover into the treasury of the Virgin Islands revenue from tax on fuel produced in the Virgin Islands and entered into the United States.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1035.

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 2023-02-14.

What are the main provisions?

Key points include:

  • Taxes on fuel from the Virgin Islands imported into the U.S. will go to the Virgin Islands treasury.
  • The change applies to fuel entered into the U.S. after December 31, 2022.
  • This could increase the Virgin Islands' revenue, potentially affecting local investments and public services.
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 Del. Plaskett, Stacey E. [D-VI-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 2025-12-24.

CATEGORIES

Taxes Economy Local Government