Bill116th CongressFiled Dec 18, 2019Taxation
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.
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Under committee review
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What it doesSummary introduced in senate (Dec 18, 2019)
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.
What just happenedDec 18, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Menendez, Robert [D-NJ](D-NJ)Sponsor
3 cosponsors2 D1 R
3cosponsors1committees2actions3related bills10subjects
- Introduced in SenateDec 18, 2019
- Dec 18, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Dec 18, 2019IntroReferral10000
Introduced in Senate