Amends the Internal Revenue Code to: (1) make the limitation on cover over of tax on distilled spirits inapplicable to articles brought into the United States after September 16, 1989, and before September 17, 1992; and (2) apply the tax credit for investments in a possession to investments in projects relating to the repair or replacement of property damaged by Hurricane Hugo.
Amends the Supplemental Appropriations and Rescission Act, 1980 to provide a temporary waiver of reimbursement by the Virgin Islands of customs collection costs.
Authorizes the use of surplus amounts in the account of Puerto Rico in the Unemployment Trust Fund for: (1) projects relating to the repair or replacement of property damaged by Hugo; and (2) public service employment related to disaster reconstruction in areas in which private sector employment and training opportunities have been reduced or eliminated as a result of Hugo.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade.
Referred to the Subcommittee on Human Resources.
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