S. 1938 — A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes.

S. 1938 — A bill to amend the Internal Revenue Code of 1986 to modify the cover over of certain distilled spirits taxes. | JustPolicyThe purpose of this legislation is to change how certain taxes on distilled spirits are handled, particularly in relation to Puerto Rico and the Virgin Islands. The main goal is to improve the financial support for conservation efforts in Puerto Rico by modifying the tax cover over system. One of the key provisions of this legislation is the repeal of the limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.