[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 273 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 273

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2005

 Mrs. Christensen 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 repeal the cap on the 
 cover over of tax on distilled spirits to Puerto Rico and the Virgin 
                                Islands.

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

SECTION 1. REPEAL OF CAP ON COVER OVER OF TAX ON DISTILLED SPIRITS TO 
              PUERTO RICO AND VIRGIN ISLANDS.

    (a) In General.--Section 7652 of the Internal Revenue Code of 1986 
(relating to limitation on cover over of tax on distilled spirits) is 
amended by striking subsection (f) and by redesignating subsections (g) 
and (h) as subsections (f) and (g), respectively.
    (b) Conforming Amendment.--Section 7652(f) of such Code (as so 
redesignated) is amended by striking ``subsection (f) of this section'' 
in paragraph (1)(B) and inserting ``section 5001(a)(1)''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on January 1, 2005.
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