The bill aims to amend the Internal Revenue Code of 1986 by removing the restriction on transferring a portion of distilled spirits taxes to the Virgin Islands and Puerto Rico. This change would allow these territories to benefit from the same tax provisions as other regions, potentially leading to increased revenue and economic support for the Virgin Islands and Puerto Rico.
2023-02-14: Introduced in House
2023-02-14: Referred to the House Committee on Ways and Means.
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