To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.
About This Bill
Committee
Latest Action · February 14, 2025
Referred to the House Committee on Ways and Means.
H.R. 1378 extends a tax benefit for Puerto Rico and the U.S. Virgin Islands related to distilled spirits production. Currently, a portion of federal excise taxes collected on distilled spirits is "covered over," or returned, to these territories to support their economies. This bill extends the temporary increase in that tax return amount by 10 years, moving the expiration date from January 1, 2022, to January 1, 2032. The change applies to all distilled spirits brought into the United States after December 31, 2021. The bill was introduced in February 2025 and referred to the House Ways and Means Committee.
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