II
119th CONGRESS
1st Session
S. 1986
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.