| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 366 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to cover into the treasury |
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| 6 | 6 | | of the Virgin Islands revenue from tax on fuel produced in the Virgin |
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| 7 | 7 | | Islands and entered into the United States. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | JANUARY13, 2025 |
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| 10 | 10 | | Ms. P |
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| 11 | 11 | | LASKETTintroduced the following bill; which was referred to the |
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| 12 | 12 | | Committee on Ways and Means |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend the Internal Revenue Code of 1986 to cover into |
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| 15 | 15 | | the treasury of the Virgin Islands revenue from tax on |
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| 16 | 16 | | fuel produced in the Virgin Islands and entered into |
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| 17 | 17 | | the United States. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. FUEL TAX COVERED OVER INTO VIRGIN IS-3 |
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| 21 | 21 | | LANDS TREASURY. 4 |
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| 22 | 22 | | (a) I |
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| 23 | 23 | | NGENERAL.—Section 7652 of the Internal Rev-5 |
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| 24 | 24 | | enue Code of 1986 is amended by adding at the end the 6 |
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| 25 | 25 | | following new subsection: 7 |
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| 26 | 26 | | VerDate Sep 11 2014 18:05 Feb 05, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H366.IH H366 |
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| 27 | 27 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 28 | 28 | | •HR 366 IH |
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| 29 | 29 | | ‘‘(j) SHIPMENT OFFUELFROM THEVIRGINISLANDS 1 |
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| 30 | 30 | | TO THEUNITEDSTATES.—All taxes collected under sec-2 |
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| 31 | 31 | | tion 4081(a) on fuel produced in the Virgin Islands and 3 |
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| 32 | 32 | | entered into the United States from the Virgin Islands 4 |
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| 33 | 33 | | shall be covered into the treasury of the Virgin Islands.’’. 5 |
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| 34 | 34 | | (b) E |
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| 35 | 35 | | FFECTIVEDATE.—The amendment made by 6 |
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| 36 | 36 | | this section shall apply to fuel entered into the United 7 |
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| 37 | 37 | | States after December 31, 2024. 8 |
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| 38 | 38 | | Æ |
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| 39 | 39 | | VerDate Sep 11 2014 18:05 Feb 05, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H366.IH H366 |
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| 40 | 40 | | ssavage on LAPJG3WLY3PROD with BILLS |
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