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HR 366
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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.

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.

Introduced Jan 13, 2025

Latest action (Jan 13, 2025) Referred to the House Committee on Ways and Means.

Referred to
Ways and Means Committee
Policy area
Taxation
Issues
Economy & Taxes
Legislative subjects (8)
Caribbean areaEnergy pricesOil and gasSales and excise taxesState and local financeTax administration and collection, taxpayersU.S. territories and protectoratesVirgin Islands

Summary

This bill amends the Internal Revenue Code to direct federal fuel excise tax revenue to the Virgin Islands territorial government. The bill provides that all federal taxes collected on fuel produced in the Virgin Islands and imported into the United States shall be covered into the Virgin Islands treasury instead of the federal treasury. The provision applies to fuel entered into the United States after December 31, 2024. This redirects tax revenue from U.S.-bound fuel produced in the territory back to the Virgin Islands government.

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)

Actions (2)
  1. Jan 13, 2025 Referred to the House Committee on Ways and Means. · house
  2. Jan 13, 2025 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 367 — Territorial Tax Parity and Clarification Act (shares 6 subjects)
  • HR 364 — Territorial Tax Equity and Economic Growth Act of 2025 (shares 4 subjects)
  • HR 365 — Territorial Tax Parity Act of 2025 (shares 4 subjects)
  • HR 191 — Inflation Reduction Act of 2025 (shares 4 subjects)
  • HR 6472 — Territorial Student Access to Higher Education Act (shares 3 subjects)
  • HR 7006 — Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (shares 3 subjects)
  • HR 4754 — Department of the Interior, Environment, and Related Agencies Appropriations Act, 2026 (shares 3 subjects)
  • HR 4275 — Coast Guard Authorization Act of 2025 (shares 3 subjects)

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.

  • S 1986 — 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. · Introduced Jun 9, 2025 · Cong. 119 75%
  • HR 368 — Territorial Tax Parity and Fairness Act · Introduced Jan 13, 2025 · Cong. 119 73%
  • 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. · Introduced Feb 14, 2025 · Cong. 119 73%
  • HR 3223 — To amend the Internal Revenue Code of 1986 to establish procedures relating to the attribution of errors in the case of third party payors of payroll taxes, and for other purposes. · Introduced May 6, 2025 · Cong. 119 72%
  • HR 3363 — To amend the Internal Revenue Code of 1986 to impose a tax on United States-bound circumvented cargo through Canada or Mexico and entering the United States. · Introduced May 13, 2025 · Cong. 119 71%
  • HR 549 — To amend the Internal Revenue Code of 1986 to repeal the clean fuel production credit. · Introduced Jan 16, 2025 · Cong. 119 71%

Text versions (1)
  • Introduced in House · Jan 13, 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

January 13, 2025

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 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, 2024. <all>

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