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.

# Summary of HR 366 **What the Bill Would Do** This bill would change federal tax rules so that the U.S. Virgin Islands government receives tax revenue from fuel produced locally and sold in the United States. Currently, fuel taxes on such products go to the federal treasury; this bill would redirect that money to the Virgin Islands instead. **Who It Affects** The bill primarily affects the Virgin Islands territorial government and fuel producers operating there. It could also impact fuel prices and energy costs for consumers, though the extent is unclear.

U.S. taxpayers might be affected if less federal revenue goes to the general treasury. **Key Details and Status** Sponsored by Virgin Islands Delegate Stacey Plaskett, the bill would amend the federal tax code to allow the territory to keep fuel tax revenues. This could provide additional funding for the Virgin Islands' government operations. As of now, the bill remains in committee and has not yet been voted on by the full House.