[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1035 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 1035

 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.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 14, 2023

 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 fuel produced 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. 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, 2022.
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