S 1477 · 118th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.

Introduced 2023-05-09· Sponsored by Sen. Menendez, Robert [D-NJ]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2023-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] This bill repeals the limitation on the cover over (payment) of distilled spirits excise taxes to the treasuries of Puerto Rico and the U.S. Virgin Islands. It also requires the transfer of a portion of the tax revenues to the Puerto Rico Conservation Trust Fund.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Cassidy, Bill [R-LA]LA