Extension of rum excise tax provision at mercy of 'lame-duck' Congress

Blessing, Gabriel Parra
November 2006
Caribbean Business;11/23/2006, Vol. 34 Issue 46, p29
The article reports on the extension of rum excise tax provision in Puerto Rico at the mercy of the lame-duck session of the U.S. Congress. Millions of dollars in revenue for the Commonwealth will be at stake unless the session approves a provision to temporarily suspend the $10.50 per gallon limitation on the amount of the rum excise tax that is transferred to the Puerto Rico treasury.


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