119TH CONGRESS
II 119TH CONGRESS 1ST SESSION S. 1986 To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. IN THE SENATE OF THE UNITED STATES JUNE 9, 2025 Mr. CASSIDY introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. EXTENSION OF TEMPORARY INCREASE ON 3 COVER OVER OF DISTILLED SPIRITS TAXES 4 TO PUERTO RICO AND VIRGIN ISLANDS. 5 (a) IN GENERAL.—Section 7652(f)(1) of the Internal 6 Revenue Code of 1986 is amended by striking ‘‘January 7 1, 2022’’ and inserting ‘‘January 1, 2032’’. …
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II 119TH CONGRESS 1ST SESSION S. 1986 To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. IN THE SENATE OF THE UNITED STATES JUNE 9, 2025 Mr. CASSIDY introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. EXTENSION OF TEMPORARY INCREASE ON 3 COVER OVER OF DISTILLED SPIRITS TAXES 4 TO PUERTO RICO AND VIRGIN ISLANDS. 5 (a) IN GENERAL.—Section 7652(f)(1) of the Internal 6 Revenue Code of 1986 is amended by striking ‘‘January 7 1, 2022’’ and inserting ‘‘January 1, 2032’’. 8 VerDate Sep 11 2014 02:32 Jun 10, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1986.IS S1986 kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 •S 1986 IS (b) EFFECTIVE DATE.—The amendments made by 1 this section shall apply to distilled spirits brought into the 2 United States after December 31, 2021. 3 Æ VerDate Sep 11 2014 02:32 Jun 10, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1986.IS S1986 kjohnson on DSK7ZCZBW3PROD with $$_JOB