[Congressional Bills 110th Congress] [From the U.S. Government Publishing Office] [H.R. 52 Introduced in House (IH)] 110th CONGRESS 1st Session H. R. 52 To amend the Internal Revenue Code of 1986 to repeal the cap on the cover over of tax on distilled spirits to Puerto Rico and the Virgin Islands. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 4, 2007 Mrs. Christensen introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to repeal the cap on the cover over of tax on distilled spirits to Puerto Rico and the Virgin Islands. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. REPEAL OF CAP ON COVER OVER OF TAX ON DISTILLED SPIRITS TO PUERTO RICO AND VIRGIN ISLANDS. (a) In General.--Section 7652 of the Internal Revenue Code of 1986 (relating to limitation on cover over of tax on distilled spirits) is amended by striking subsection (f) and by redesignating subsections (g) and (h) as subsections (f) and (g), respectively. (b) Conforming Amendment.--Section 7652(f) of such Code (as so redesignated) is amended by striking ``subsection (f) of this section'' in paragraph (1)(B) and inserting ``section 5001(a)(1)''. (c) Effective Date.--The amendments made by this section shall take effect on January 1, 2007. <all>