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Virgin Islands Fuel Tax Revenue to Stay Local

This bill changes how taxes on fuel produced in the Virgin Islands and brought into the United States are handled. Instead of going to the U.S. federal treasury, these funds will now be directed to the Virgin Islands' own treasury. This means the local government in the Virgin Islands will have more resources for its needs, potentially impacting local infrastructure and services.
Key points
Taxes on fuel from the Virgin Islands entering the U.S. will now go to the Virgin Islands treasury.
This change applies to fuel entered into the U.S. after December 31, 2024.
Increased financial resources for the Virgin Islands may support local projects and services.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_366
Sponsor: Del. Plaskett, Stacey E. [D-VI]
Process start date: 2025-01-13
Lustra uses Artificial Intelligence. Verify details in source documents.
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 119_HR_366.

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 2025-01-13.

What are the main provisions?

Key points include:

  • Taxes on fuel from the Virgin Islands entering the U.S. will now go to the Virgin Islands treasury.
  • This change applies to fuel entered into the U.S. after December 31, 2024.
  • Increased financial resources for the Virgin Islands may support local projects and services.
What is the specific legal status?

The current status is Introduced.

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].

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 2025-12-22.

CATEGORIES

Taxes Local Government