S. 1986

Summary

S. 1986, a bill to amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands, was introduced in the Senate on Jun 9, 2025 by Sen. Bill Cassidy (R). It was referred to Finance, and last saw action on Jun 9, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 1986 has no co-sponsors and has not gone to a roll call.

119 S1986 IS: To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.
 U.S. Senate
 2025-06-09
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1986  IN THE SENATE OF THE UNITED STATES   June 9, 2025   Mr. Cassidy  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.
1.
Extension of temporary increase on cover over of distilled spirits taxes to Puerto Rico and Virgin Islands
(a)
In general
 Section 7652(f)(1)  of the Internal Revenue Code of 1986 is amended by striking  January 1, 2022  and inserting  January 1, 2032 .
(b)
Effective date
The amendments made by this section shall apply to distilled spirits brought into the United States after December 31, 2021.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

A bill to amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.

Sponsors

Sen. Bill Cassidy (R) sponsors S. 1986 alone.

Bill Cassidy

Sen. · R–LA · Sponsor

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Committees

S. 1986 went before 1 committee: Finance.

Finance

Finance

Referred To · Jun 9, 2025 · 902 Bills

Actions

S. 1986 has taken 2 actions since Jun 9, 2025.

Votes

S. 1986 has not gone to a roll call.

Related bills

1 bill is related to S. 1986, as Identical bill.

HR 1378To amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands.Feb 14, 2025 · Referred to the House Committee on Ways and Means. · Identical bill

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Titles

S. 1986 goes by 2 titles.

• A bill to amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. — Official Title as Introduced
• A bill to amend the Internal Revenue Code of 1986 to extend the temporary increase in limitation on the cover over of distilled spirits taxes to Puerto Rico and the Virgin Islands. — Display Title

Lobbying

2 clients hired 2 firms and 6 registered lobbyists who named S. 1986 in 4 quarterly filings, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Trade (domestic/foreign), Alcohol and Drug Abuse, Agriculture.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 1986 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1986’s is Taxation.

Source: congress.gov · legiscan.com