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A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund.

10/28/2022, 1:46 AM

Congressional Summary of S 3101

This bill repeals the limitation on the amount of distilled spirits excise taxes covered over (paid) to the treasuries of the Virgin Islands and Puerto Rico. The bill also requires the Department of the Treasury to transfer a portion of the amount required to be covered over to Puerto Rico to the Puerto Rico Conservation Trust Fund.

Current Status of Bill S 3101

Bill S 3101 is currently in the status of Bill Introduced since December 18, 2019. Bill S 3101 was introduced during Congress 116 and was introduced to the Senate on December 18, 2019.  Bill S 3101's most recent activity was Read twice and referred to the Committee on Finance. as of December 18, 2019

Bipartisan Support of Bill S 3101

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
2
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3101

Primary Policy Focus

Taxation

Potential Impact Areas

- Alcoholic beverages
- Caribbean area
- Intergovernmental relations
- Puerto Rico
- Sales and excise taxes
- State and local finance
- U.S. territories and protectorates
- Virgin Islands
- Wilderness and natural areas, wildlife refuges, wild rivers, habitats
- Wildlife conservation and habitat protection

Alternate Title(s) of Bill S 3101

A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund.
A bill to amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands and to transfer a portion of such cover over to the Puerto Rico Conservation Trust Fund.

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