Section 1 Repeal of limitation on cover over of distilled spirits taxes
In general— Section 7652 of the Internal Revenue Code of 1986 is amended by striking subsection (f) and by redesignating subsections (g), (h), and (i) as subsections (f), (g), and (h), respectively.
Conforming amendment— Section 7652(f)(1) of such Code, as redesignated by subsection (a), is amended—
by striking subparagraph (B), and
by striking “as if—” and all that follows through “the use and tax” and inserting “as if the use and tax”.
Effective date— The amendments made by this section shall apply to distilled spirits brought into the United States after December 31, 2021.