H. R. 1378 aims to modify the Internal Revenue Code of 1986 to extend a temporary increase in the limit for covering over distilled spirits taxes to Puerto Rico and the Virgin Islands until January 1, 2032. This bill was introduced in the House of Representatives and referred...
Simple Explanation
H. R. 1378 wants to keep giving extra money from some taxes on drinks to Puerto Rico and the Virgin Islands until the year 2032, even though they originally planned to stop in 2022.