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.
To amend the Internal Revenue Code of 1986 to repeal the limitation on 
  the cover over of distilled spirits taxes to the Virgin Islands and 
                              Puerto Rico.

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

SECTION 1. REPEAL OF LIMITATION ON COVER OVER OF DISTILLED SPIRITS 
              TAXES.

    (a) In General.--Section 7652 of the Internal Revenue Code of 1986 
is amended by striking subsection (f) and by redesignating subsections 
(g), (h), and (i) as subsections (f), (g), and (h), respectively.
    (b) Conforming Amendment.--Section 7652(f)(1) of such Code, as 
redesignated by subsection (a), is amended--
            (1) by striking subparagraph (B), and
            (2) by striking ``as if--'' and all that follows through 
        ``the use and tax'' and inserting ``as if the use and tax''.
    (c) Effective Date.--The amendments made by this section shall 
apply to distilled spirits brought into the United States after 
December 31, 2020.
                                 <all>
To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to the Virgin Islands and Puerto Rico.
To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to the Virgin Islands and Puerto Rico.
Official Titles - House of Representatives
Official Title as Introduced
To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to the Virgin Islands and Puerto Rico.
Del. Plaskett, Stacey E.