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

This bill modifies how distilled spirits tax revenues are transferred to Puerto Rico and the Virgin Islands. This means more of these tax funds could stay in these territories, potentially impacting their local budgets and projects, including environmental conservation in Puerto Rico.
Key points
Removes limits on the transfer of distilled spirits taxes to Puerto Rico and the Virgin Islands, potentially increasing their revenues.
A portion of rum tax revenues transported to the U.S. will be mandatorily transferred to Puerto Rico's conservation trust fund, supporting local environmental efforts.
The changes apply retroactively, potentially affecting tax calculations from late 2021.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_3146
Sponsor: Rescom. González-Colón, Jenniffer [R-PR-At Large]
Process start date: 2023-05-09
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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 modify the cover over of certain distilled spirits taxes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3146.

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 2023-05-09.

What are the main provisions?

Key points include:

  • Removes limits on the transfer of distilled spirits taxes to Puerto Rico and the Virgin Islands, potentially increasing their revenues.
  • A portion of rum tax revenues transported to the U.S. will be mandatorily transferred to Puerto Rico's conservation trust fund, supporting local environmental efforts.
  • The changes apply retroactively, potentially affecting tax calculations from late 2021.
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 Rescom. 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 2025-12-25.

CATEGORIES

Taxes Environment