Bill · S. 1938· Senate(119-S-1938)
A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.
- Introduced
- 6/4/2025
- Last activity
- 6/4/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bill Cassidy
- Cosponsors
- - 2 - 2
- Introduced
- In Committee
What this bill would do
This bill seeks to amend the Internal Revenue Code of 1986 regarding the cover over of certain distilled spirits taxes. It proposes the repeal of specific limitations on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. Additionally, the bill introduces a requirement for Puerto Rico to transfer a portion of rum taxes to the Puerto Rico Conservation Trust Fund. This transfer is based on specific tax rates per proof gallon. The bill also includes provisions for the retroactive application of certain rules.
Yes
Would Hispanic Americans be better off under this?+5
The bill benefits Puerto Rican residents by funding the Puerto Rico Conservation Trust Fund through distilled spirits taxes.
Does this better protect air, water and wildlife?+5
The bill directs a portion of rum taxes to the Puerto Rico Conservation Trust Fund to support natural habitat restoration and reforestation.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Support for Environmental Conservation: Under Section 1(b)(1)(A), Puerto Rico is required to transfer a portion of taxes collected on rum to the Puerto Rico Conservation Trust Fund. This fund is intended to provide for the conservation of natural areas, including reforestation, restoration of natural habitats, and sustainable agriculture efforts.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Hispanic Americans+5
- Environment Energy And Infrastructure
- Improves Environmental Protections+5
- 6/9/2025
- 1 Cosponsor added.
- 6/4/2025
- Read twice and referred to the Committee on Finance.
- 3 Cosponsors added.
- Introduced in Senate
Kirsten GillibrandDemocrat · New York
Ben LujánDemocrat · New Mexico
Mitch McConnellRepublican · Kentucky
Roger WickerRepublican · Mississippi