Summary: H.R.1620 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.1620. Bill summaries are authored by CRS.

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Introduced in House (05/15/1997)

Amends the Internal Revenue Code to repeal the occupational tax on retail and wholesale dealers of beer and liquor and on rectifiers, brewers, and manufacturers of stills. Revises provisions regarding taxation of certain distilled spirits used in nonbeverage products, including imposition of: (1) a tax rate of one dollar per proof gallon of distilled spirits; and (2) a noncompliance penalty. Makes conforming changes with respect to such products brought into the United States from Puerto Rico and the Virgin Islands.