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S 1986
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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.

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

Latest action (Jun 9, 2025) Read twice and referred to the Committee on Finance.

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary
  • Extends the expiration date of a temporary increase in federal excise tax revenue transfers to Puerto Rico and the Virgin Islands from distilled spirits, changing it from January 1, 2022 to January 1, 2032.
  • 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)

Actions (2)
  1. Jun 9, 2025 Read twice and referred to the Committee on Finance. · senate
  2. Jun 9, 2025 Introduced in Senate

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.

  • 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 96%
  • S 1938 — A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes. · Introduced Jun 4, 2025 · Cong. 119 85%
  • HR 366 — 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 · Cong. 119 75%
  • S 1334 — A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries. · Introduced Apr 8, 2025 · Cong. 119 69%
  • HR 4787 — To amend the Internal Revenue Code of 1986 to extend the deduction for film and television productions and to make certain changes with respect to the calculation of such deduction. · Introduced Jul 29, 2025 · Cong. 119 67%
  • S 1111 — A bill to amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes. · Introduced Mar 25, 2025 · Cong. 119 67%

Full text

IN THE SENATE OF THE UNITED STATES

June 9, 2025

Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on Finance

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 section shall apply to distilled spirits brought into the United States after December 31, 2021. <all>

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