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.

I 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. IN THE HOUSE OF REPRESENTATIVES AUGUST 20, 2019 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 gasoline refined 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. GASOLINE TAX COVERED OVER INTO VIRGIN 3 ISLAND 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 21:45 Aug 20, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4198.IH H4198 kjohnson on DSK79L0C42 with BILLS 2 •HR 4198 IH ‘‘(i) SHIPMENT OF GASOLINE FROM THE VIRGIN IS- 1 LANDS TO THE UNITED STATES.—All taxes collected 2 under section 4081(a) on gasoline refined in the Virgin 3 Islands and entered into the United States from the Virgin 4 Islands shall be covered into the treasury of the Virgin 5 Islands.’’. 6 (b) EFFECTIVE DATE.—The amendment made by 7 this section shall apply to fuel entered into the United 8 States after December 31, 2019. 9 Æ VerDate Sep 11 2014 21:45 Aug 20, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H4198.IH H4198 kjohnson on DSK79L0C42 with BILLS