Amends the Internal Revenue Code to exempt from the restrictions imposed with respect to the rebate of excise tax revenues any distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands.
Allows the full excise tax on distilled spirits to be rebated to Puerto Rico and the Virgin Islands.
Became Public Law No: 98-369.
Committee on Finance requested executive comment from OMB, Treasury Department.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4170.
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