Introduced
S. 1986
Introduced in Senate · June 12, 2025June 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”.