,,ii  #aag? ,,congress  #a/ ,session    
,s4 #cchc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ad1 #bjba,mr4
 ,m55dez 7= himself & ,mr4 ,cassidy7    
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to modify ! cov]  
ov] ( c]ta9 di/ill$ spirits taxes4  #a4 
,cov] ov] ( c]ta9 di/ill$ spirits taxes 
7a7 ,repeal ( limitation on cov] ov] (  
di/ill$ spirits taxes to ,pu]to ,rico & 
,virg9 ,isl&s  7#a7 ,9 g5]al ,section   
#gfeb ( ! ,int]nal ,rev5ue ,code ( #aihf
 is am5d$ by /rik+ subsection 7f7 & by  
r$esignat+ subsections 7g71 7h7 & 7i7 z 
subsections 7f71 7g71 & 7h7             
respectively4  7#b7 ,effective date ,!  
am5dm5ts made by ?is subsection %all    
apply to di/ill$ spirits br\ght into !  
,unit$ ,/ates aft] ,decemb] #ca1 #bjba4 
7b7 ,requir$ transf] to ,pu]to ,rico    
,cons]vation ,tru/ ,fund ( portion (    
,pu]to ,rico rum cov] ov]  7#a7 ,9 g5]al
 ,section #gfeb7;a7 ( ! ,int]nal ,rev5ue

 ,code ( #aihf is am5d$ by add+ at ! end
 ! foll[+ new p>agraph3  7#d7 ,requir$  
transf] to pu]to rico cons]vation tru/  
fund ( portion ( rum taxes cov]$ ov]    
7,a7 ,9 g5]al ,f any taxes collect$ on  
rum transport$ to ! ,unit$ ,/ates t are 
cov]$ into ! treasury ( ,pu]to ,rico "u 
p>agraph 7#c7 at a rate equal to or     
great] ?an #aj4ej p] pro( gallon1 ,pu]to
 ,rico %all transf] to ! ,pu]to ,rico   
,cons]vation ,tru/ ,fund an am\nt p]    
pro( gallon equal to or great] ?an #a_/f
 ( ! diff]5ce betwe5 #aj4ej & ! rate1 n 
to exce$ #ac4be1 at :i* su* taxes are   
cov]$ into su* treasury4 ,pu]to ,rico's 
obligations "u ?is p>agraph %all n      
modify or impair paym5t priorities      
e/abli%$ "u ,pu]to ,rico law & 9 effect 
on ,may #ba1 #bjba4  7,b7 ,pu]to ,rico  
cons]vation tru/ fund ,= purposes ( ?is 
section1 ! t]m ,pu]to ,rico ,cons]vation
 ,tru/ ,fund means ! fund e/abli%$      
pursuant to a ,memor&um ( ,und]/&+      
betwe5 ! ,unit$ ,/ates ,dep>tm5t ( !    
,int]ior & ! ,commonweal? ( ,pu]to      

,rico1 dat$ ,decemb] #bd1 #aifh4  4     
7#b7 ,cov] ov] det]m9$ )\t reg>d to     
c]ta9 rate r$uctions ,section #gfeb7;h7 
( su* ,code1 z r$esignat$ by subsections
 7a71 is am5d$ by ins]t+ 7a77#d71 aft]  
7a77#c714  7#c7 ,effective date ,!      
am5dm5ts made by ?is subsection %all    
apply to di/ill$ spirits br\ght into !  
,unit$ ,/ates aft] ,decemb] #ca1 #bjba4 
7c7 ,cov] ov] det]m9$ )\t reg>d to c]ta9
 rate r$uctions ,not)/&+ section        
#ajg7;a77#c7 ( division ,,ee ( ,public  
,law #aaf-bfj1 ! am5dm5ts made by       
section #ajg7;a77#b7 ( division ,,ee su*
 ,public ,law %all apply to di/ill$     
spirits br\ght into ! ,unit$ ,/ates &   
remov$ aft] ,decemb] #ca1 #bjag4