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- S.3208
S.3208: Reinvesting in U.S. Territories, Not Corporations Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced April 15, 2010
- Latest Major Action April 15, 2010
Bill Sponsor
Bill Cosponsors
4 (2 Democrats, 2 Republicans)
Bill Summary
Reinvesting in U.S. Territories, Not Corporations Act - Amends the Internal Revenue Code to reduce the amount of distilled spirits excise tax revenue returned (covered over) to the treasuries of Puerto Rico or the Virgin Islands by the amount of any unreasonable and excessive rum subsidy paid or incurred by either jurisdiction in an applicable calendar year. Defines "unreasonable and excessive rum subsidy" as the excess, if any, of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| April 15, 2010 |
Introduced in the Senate by Robert Menendez (D-N.J.) |