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

This bill modifies how distilled spirits taxes are transferred to Puerto Rico and the Virgin Islands. This means more tax revenue will stay in these territories, potentially impacting their local budgets and projects. A portion of rum tax revenue will be mandatorily transferred to a conservation fund in Puerto Rico.
Key points
Removes limits on the transfer of distilled spirits taxes to Puerto Rico and the Virgin Islands, increasing their revenue.
A portion of rum tax revenue transported to the U.S. will be mandatorily allocated to the Puerto Rico Conservation Trust Fund, supporting environmental efforts.
The changes apply retroactively, potentially affecting tax calculations from late 2021.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1938
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2025-06-04
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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

A bill 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 119_S_1938.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-04.

What are the main provisions?

Key points include:

  • Removes limits on the transfer of distilled spirits taxes to Puerto Rico and the Virgin Islands, increasing their revenue.
  • A portion of rum tax revenue transported to the U.S. will be mandatorily allocated to the Puerto Rico Conservation Trust Fund, supporting environmental efforts.
  • The changes apply retroactively, potentially affecting tax calculations from late 2021.
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 Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Environment