I 117TH CONGRESS 1ST SESSION H. R. 1425 To amend the Internal Revenue Code of 1986 to repeal the limitation on the cover over of distilled spirits taxes to the Virgin Islands and Puerto Rico. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 26, 2021 Ms. PLASKETT (for herself and Miss GONZA´LEZ-COLO´N) 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 limitation on the cover over of distilled spirits taxes to the Virgin Islands and Puerto Rico. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. REPEAL OF LIMITATION ON COVER OVER OF 3 DISTILLED SPIRITS TAXES. 4 (a) IN GENERAL.—Section 7652 of the Internal Rev- 5 enue Code of 1986 is amended by striking subsection (f) 6 and by redesignating subsections (g), (h), and (i) as sub- 7 sections (f), (g), and (h), respectively. 8 VerDate Sep 11 2014 18:27 Apr 06, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1425.IH H1425 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 1425 IH (b) CONFORMING AMENDMENT.—Section 7652(f)(1) 1 of such Code, as redesignated by subsection (a), is amend- 2 ed— 3 (1) by striking subparagraph (B), and 4 (2) by striking ‘‘as if—’’ and all that follows 5 through ‘‘the use and tax’’ and inserting ‘‘as if the 6 use and tax’’. 7 (c) EFFECTIVE DATE.—The amendments made by 8 this section shall apply to distilled spirits brought into the 9 United States after December 31, 2020. 10 Æ VerDate Sep 11 2014 18:27 Apr 06, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1425.IH H1425 pamtmann on DSKBC07HB2PROD with BILLS