119 HR 366 IH: To amend the Internal Revenue Code of 1986 to cover into the treasury of the Virgin Islands revenue from tax on fuel produced in the Virgin Islands and entered into the United States. U.S. House of Representatives 2025-01-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 366IN THE HOUSE OF REPRESENTATIVESJanuary 13, 2025Ms. Plaskett introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to cover into the treasury of the Virgin Islands revenue from tax on fuel produced in the Virgin Islands and entered into the United States.

1.

Fuel tax covered over into Virgin Islands treasury

(a)

In general

Section 7652 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:(j)

Shipment of fuel from the virgin islands to the united states

All taxes collected under section 4081(a) on fuel produced in the Virgin Islands and entered into the United States from the Virgin Islands shall be covered into the treasury of the Virgin Islands..(b)

Effective date

The amendment made by this section shall apply to fuel entered into the United States after December 31, 2024.