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.

House Votes

This bill would send the federal fuel tax collected on fuel made in the U.S. Virgin Islands and shipped into the United States to the Virgin Islands’ own treasury. In short, when fuel from the islands enters the U.S., the tax money would go back to the islands to support local needs, rather than staying with the federal government. This change applies to fuel entering the U.S. after December 31, 2024.

Key points:

• Who is affected: The Virgin Islands government, fuel producers in the Virgin Islands, and residents who rely on local services funded by tax revenue.
• What changes: Fuel tax revenue from these shipments is redirected into the Virgin Islands’ treasury.
• When it starts: For fuel entering the U.S. after December 31, 2024.