I 117TH CONGRESS 1ST SESSION H. R. 1430 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. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 26, 2021 Ms. PLASKETT 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 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. FUEL TAX COVERED OVER INTO VIRGIN IS- 3 LANDS TREASURY. 4 (a) IN GENERAL.—Section 7652 of the Internal Rev- 5 enue Code of 1986 is amended by adding at the end the 6 following new subsection: 7 VerDate Sep 11 2014 18:28 Apr 06, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1430.IH H1430 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 1430 IH ‘‘(j) SHIPMENT OF FUEL FROM THE 1 VIRGIN ISLANDS TO THE UNITED 2 STATES.—All taxes collected under section 3 4081(a) on fuel produced in the Virgin Is- 4 lands and entered into the United States 5 from the Virgin Islands shall be covered 6 into the treasury of the Virgin Islands.’’. 7 (b) EFFECTIVE DATE.—The amendment made by 8 this section shall apply to fuel entered into the United 9 States after December 31, 2020. 10 Æ VerDate Sep 11 2014 18:28 Apr 06, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1430.IH H1430 pamtmann on DSKBC07HB2PROD with BILLS