HR 1378 — To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.

Summary

This bill amends the Internal Revenue Code to extend a temporary tax provision related to distilled spirits taxes for Puerto Rico and the US Virgin Islands. The bill extends the increased limitation on the "cover over" of distilled spirits excise taxes from January 1, 2022 to January 1, 2032, effectively providing an additional 10 years of the higher tax benefit to these territories. The "cover over" refers to a portion of federal excise taxes on distilled spirits that are transferred to the treasuries of Puerto Rico and the US Virgin Islands. The change applies to distilled spirits brought into the United States after December 31, 2021.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Rep. Estes, Ron [R-KS-4] (R-KS)

25 cosponsors

Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI)
Rep. Barr, Andy [R-KY-6] (R-KY)
Rep. Bean, Aaron [R-FL-4] (R-FL)
Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA)
Rep. Clarke, Yvette D. [D-NY-9] (D-NY)
Rep. Comer, James [R-KY-1] (R-KY)
Rep. Davis, Danny K. [D-IL-7] (D-IL)
Rep. Diaz-Balart, Mario [R-FL-26] (R-FL)
Rep. Garbarino, Andrew R. [R-NY-2] (R-NY)
Rep. Gimenez, Carlos A. [R-FL-28] (R-FL)
Rep. Guthrie, Brett [R-KY-2] (R-KY)
Rep. Hurd, Jeff [R-CO-3] (R-CO)
Rep. Langworthy, Nicholas A. [R-NY-23] (R-NY)
Rep. Lawler, Michael [R-NY-17] (R-NY)
Rep. Malliotakis, Nicole [R-NY-11] (R-NY)
Rep. McClain, Lisa C. [R-MI-9] (R-MI)
Rep. Moore, Gwen [D-WI-4] (D-WI)
Rep. Rogers, Harold [R-KY-5] (R-KY)
Rep. Salazar, Maria Elvira [R-FL-27] (R-FL)
Rep. Sánchez, Linda T. [D-CA-38] (D-CA)
Rep. Sewell, Terri A. [D-AL-7] (D-AL)
Rep. Steube, W. Gregory [R-FL-17] (R-FL)
Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
Rep. Wasserman Schultz, Debbie [D-FL-25] (D-FL)
Rescom. Hernández, Pablo [D-PR-At Large] (D-PR)

Money behind the sponsor

Top reported contributors to Ron Estes’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

TRANSYSTEMS $21,650
WATCO $13,200
NULL $11,600
BERGEN PAIN MANAGEMENT PC $9,900
ASH BROKERAGE $7,061

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ron Estes → · Outside spending →

Actions (2)

Feb 14, 2025 Referred to the House Committee on Ways and Means. · house
Feb 14, 2025 Introduced in House

Related bills (1)

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

Text versions (1)

Introduced in House · Feb 14, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

February 14, 2025

Mr. Estes (for himself and 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 extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.

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

SECTION 1. EXTENSION OF TEMPORARY INCREASE ON COVER OVER OF DISTILLED SPIRITS TAXES TO PUERTO RICO AND VIRGIN ISLANDS.

(a) In General.—Section 7652(f)(1) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2022” and inserting “January 1, 2032”.

(b) Effective Date.—The amendments made by this subsection shall apply to distilled spirits brought into the United States after December 31, 2021. <all>

Comments

Loading comments…