To help Puerto Rico and the Virgin Islands recover from devastation caused by Hurricane Hugo.

Summary

Amends the Internal Revenue Code to: (1) make the limitation on cover over of tax on distilled spirits inapplicable to articles brought into the United States after September 16, 1989, and before September 17, 1992; and (2) apply the tax credit for investments in a possession to investments in projects relating to the repair or replacement of property damaged by Hurricane Hugo. Amends the Supplemental Appropriations and Rescission Act, 1980 to provide a temporary waiver of reimbursement by the Virgin Islands of customs collection costs. Authorizes the use of surplus amounts in the account of Puerto Rico in the Unemployment Trust Fund for: (1) projects relating to the repair or replacement of property damaged by Hugo; and (2) public service employment related to disaster reconstruction in areas in which private sector employment and training opportunities have been reduced or eliminated as a result of Hugo.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 November 1989

  Open at official source

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