To amend the Internal Revenue Code of 1986 to cover into the treasury of the Virgin Islands revenue from tax on fuel produced in the Virgin Islands and entered into the United States.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires fuel tax covered over into Virgin Islands treasury Section 7652 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (j)Shipment of fuel from the virgin islands. It relies on tax rate changes and compliance mandates. The main policy areas are Regulated Industries.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Requires fuel tax covered over into Virgin Islands treasury Section 7652 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (j)Shipment of fuel from the virgin islands...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires fuel tax covered over into Virgin Islands treasury Section 7652 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (j)Shipment of fuel from the virgin islands.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill requires fuel tax covered over into Virgin Islands treasury Section 7652 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (j)Shipment of fuel from the virgin islands.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
Legislative Progress
IntroducedMs. Plaskett introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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