Amends the Tax Reform Act of 1986 with respect to duty-free treatment for ethyl alcohol and mixtures of it for fuel use if they are indigenous products of a U.S. insular possession or Caribbean Basin Initiative beneficiary country. Revises the formula for the local feedstock requirement and the definition of base quantity.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S8751)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8751-8752)
Sponsor introductory remarks on measure. (CR S9591)
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