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S. 1477

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
About This Bill
Committee
Latest Action · May 9, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
May 9, 2023
Cosponsors (1)
0D 1R
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Summary

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This bill repeals the limitation on the cover over (payment) of distilled spirits excise taxes to the treasuries of Puerto Rico and the U.S. Virgin Islands. It also requires the transfer of a portion of the tax revenues to the Puerto Rico Conservation Trust Fund.

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