H.R. 366
119th CONGRESS 1st Session
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.
IN THE HOUSE OF REPRESENTATIVES · January 13, 2025 · Sponsor: Ms. Plaskett · Committee: Committee on Ways and Means
Table of contents
SEC. 1. Fuel tax covered over into Virgin Islands treasury
- (a) In general
- of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Section 7652
- (j) Shipment of fuel from the virgin islands to the united states
- All taxes collected under section 4081(a) on fuel produced in the Virgin Islands and entered into the United States from the Virgin Islands shall be covered into the treasury of the Virgin Islands.
- (j) Shipment of fuel from the virgin islands to the united states
- of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Section 7652
- (b) Effective date
- The amendment made by this section shall apply to fuel entered into the United States after December 31, 2024.