[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1612 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1612

To amend the Internal Revenue Code of 1986 to reduce the taxes on wine 
                        to their pre-1991 rates.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 14, 1997

    Mr. Riggs (for himself, Mr. Capps, Mr. Fazio of California, Mr. 
Houghton, Mr. Bono, Mr. English of Pennsylvania, Mr. Cox of California, 
  Mr. Pombo, Mr. Calvert, Ms. Sanchez, and Mr. Torres) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to reduce the taxes on wine 
                        to their pre-1991 rates.

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

SECTION 1. REPEAL OF 1990 TAX INCREASES ON WINE.

    (a) In General.--
            (1) Wines containing not more than 14 percent alcohol.--
        Paragraph (1) of section 5041(b) of the Internal Revenue Code 
        of 1986 (relating to rates of tax on wines) is amended by 
        striking ``$1.07'' and inserting ``17 cents''.
            (2) Wines containing more than 14 (but not more than 21) 
        percent alcohol.--Paragraph (2) of section 5041(b) of such Code 
        is amended by striking ``$1.57'' and inserting ``67 cents''.
            (3) Wines containing more than 21 (but not more than 24) 
        percent alcohol.--Paragraph (3) of section 5041(b) of such Code 
        is amended by striking ``$3.15'' and inserting ``$2.25''.
            (4) Artificially carbonated wines.--Paragraph (5) of 
        section 5041(b) of such Code is amended by striking ``$3.30'' 
        and inserting ``$2.40''.
    (b) Repeal of Credit for Small Domestic Producers.--Section 5041 of 
such Code is amended by striking subsection (c) and by redesignating 
subsections (d), (e), and (f) as subsections (c), (d), and (e), 
respectively.
    (c) Effective Date.--The amendments made by this section shall 
apply to wine produced or imported after the date of the enactment of 
this Act.
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