Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to direct federal excise taxes collected under section 4081(a) on fuel produced in the U.S. Virgin Islands and brought into the United States to be paid into the Virgin Islands treasury. The change is added as section 7652(j) and applies to fuel entered into the United States after December 31, 2024.
Liberals emphasize territorial revenue and equity benefits
Relative to its intended legislative type, this bill is a concise, targeted amendment to the Internal Revenue Code that clearly prescribes that taxes under section 4081(a) on fuel produced in the Virgin Islands and entered into the United States be covered into the Virgin Islands treasury, effective for entries after December 31, 2024.
This bill amends the Internal Revenue Code to direct federal excise taxes collected under section 4081(a) on fuel produced in the U.S. Virgin Islands and brought into the United States to be paid into the Virgin Islands treasury.
The change is added as section 7652(j) and applies to fuel entered into the United States after December 31, 2024.
The provision reallocates the specified excise-tax revenues from the federal Treasury to the Virgin Islands government.
Narrow, low-salience fiscal reallocation improves prospects, but federal revenue loss and precedent concerns create obstacles, especially in the Senate.
Relative to its intended legislative type, this bill is a concise, targeted amendment to the Internal Revenue Code that clearly prescribes that taxes under section 4081(a) on fuel produced in the Virgin Islands and entered into the United States be covered into the Virgin Islands treasury, effective for entries after December 31, 2024.
Liberals emphasize territorial revenue and equity benefits
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize territorial revenue and equity benefits
Likely broadly supportive because it transfers revenue to an underfunded U.S. territory, increasing local resources and self-determination.
Would want safeguards to ensure funds serve social programs and do not merely subsidize fossil fuel expansion.
Cautiously favorable if the fiscal impact is small and rules are clear.
Wants empirical estimates, oversight, and checks against unintended incentives or precedent-setting effects.
Likely opposed or skeptical due to shifting federal excise revenue to a territorial government and creating a possible subsidy for local fuel producers.
Concerns about precedent, federal revenue loss, and expanded tax-code complexity dominate.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow, low-salience fiscal reallocation improves prospects, but federal revenue loss and precedent concerns create obstacles, especially in the Senate.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize territorial revenue and equity benefits
Narrow, low-salience fiscal reallocation improves prospects, but federal revenue loss and precedent concerns create obstacles, especially i…
Relative to its intended legislative type, this bill is a concise, targeted amendment to the Internal Revenue Code that clearly prescribes that taxes under section 4081(a) on fuel produced in the Virgin Islands and ente…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.