HB1035
Type: B Origin: House USA Comments: 0

To Amend The Internal Revenue Code Of 1986 To Cover Into The Treasury Of The Virgin Islands Revenue From Tax On Fuel Produced In The Virgin Islands And Entered Into The United States.

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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.

Bill Activity

  • 2023-02-14: Introduced in House

  • 2023-02-14: Referred to the House Committee on Ways and Means.

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