[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1986 Introduced in Senate (IS)]

<DOC>






119th CONGRESS
  1st Session
                                S. 1986

  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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 9, 2025

  Mr. Cassidy introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF TEMPORARY INCREASE ON COVER OVER OF DISTILLED 
              SPIRITS TAXES TO PUERTO RICO AND VIRGIN ISLANDS.

    (a) In General.--Section 7652(f)(1) of the Internal Revenue Code of 
1986 is amended by striking ``January 1, 2022'' and inserting ``January 
1, 2032''.
    (b) Effective Date.--The amendments made by this section shall 
apply to distilled spirits brought into the United States after 
December 31, 2021.
                                 <all>