[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4198 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4198

 To amend the Internal Revenue Code of 1986 to cover into the treasury 
   of the Virgin Islands revenue from tax on gasoline refined in the 
           Virgin Islands and entered into the United States.


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                    IN THE HOUSE OF REPRESENTATIVES

                            August 20, 2019

 Ms. Plaskett introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to cover into the treasury 
   of the Virgin Islands revenue from tax on gasoline refined in the 
           Virgin Islands and entered into the United States.

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

SECTION 1. GASOLINE TAX COVERED OVER INTO VIRGIN ISLAND TREASURY.

    (a) In General.--Section 7652 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
    ``(i) Shipment of Gasoline From the Virgin Islands to the United 
States.--All taxes collected under section 4081(a) on gasoline refined 
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, 2019.
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