CONGRESS FOR VOTERS

DemocratBill · H.R. 366· House(119-HR-366)

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.

Rep. Plaskett
Age: 60 years
Virgin Islands
Introduced
1/13/2025
Last activity
1/13/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Stacey Plaskett
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes an amendment to the Internal Revenue Code of 1986. It specifically targets taxes collected on fuel produced in the Virgin Islands that is entered into the United States. The legislation directs that all such taxes collected under section 4081(a) be covered into the treasury of the Virgin Islands. This change would apply to fuel entering the United States after December 31, 2024.

Yes· 3 of 5

  • Does this leave more decisions to the states?+5

    The bill increases the fiscal autonomy of the Virgin Islands by directing local fuel tax revenue to its own treasury.

  • Would households on low incomes be better off under this?+2

    The redirection of funds to the Virgin Islands treasury could provide more local resources for community needs.

  • Would Hispanic Americans be better off under this?+2

    The bill increases local revenue for the Virgin Islands, benefiting its residents.

The opposite

  • Does this reduce what the federal government spends?-2

    The bill redirects tax revenue that would otherwise go to the federal government into the Virgin Islands treasury.