119 S1986 IS: 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. U.S. Senate 2025-06-09 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.

II119th CONGRESS1st SessionS. 1986IN THE SENATE OF THE UNITED STATESJune 9, 2025Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo 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.

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.