A bill to amend the Internal Revenue Code of 1954 to provide that distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands shall be exempt from restrictions imposed with respect to the cover over of excise tax revenues and to allow the full excise tax on distilled spirits to be covered over to the possessions.

Summary

Amends the Internal Revenue Code to exempt from the restrictions imposed with respect to the rebate of excise tax revenues any distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands. Allows the full excise tax on distilled spirits to be rebated to Puerto Rico and the Virgin Islands.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 August 1984

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 3 August 1984

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 4 September 1984

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 3 August 1984

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide that distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands shall be exempt from restrictions imposed with respect to the cover over of excise tax revenues and to allow the full excise tax on distilled spirits to be covered over to the possessions.