The bill aims to modify the Internal Revenue Code of 1986 by redirecting tax revenue generated from fuel produced in the Virgin Islands and imported into the United States to the treasury of the Virgin Islands. This change would impact how tax revenue from such fuel transactions is allocated, potentially affecting both the federal government's revenue streams and the financial resources available to the Virgin Islands.
2023-02-14: Introduced in House
2023-02-14: Referred to the House Committee on Ways and Means.
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