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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.
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Status:
Introduced
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Additional Information
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.
Print number: HR 366
Sponsor: Del. Plaskett, Stacey E. [D-VI]
Process start date: 2025-01-13