P.R., USVI federal rum-tax rebate of $13.25 per proof gallon is extended

Márquez, Carlos
October 2008
Caribbean Business;10/9/2008, Vol. 36 Issue 40, p4
The article reports on the extension of the federal rum excise tax (FET) formula rebate for Puerto Rico and the U.S. Virgin Islands. The rum-tax measure will continue to receive $13.25 for each proof gallon of rum produced and sold in the U.S. through the end of 2009. The provision to continue to refund $400 million in annual rebates of rum excise tax is included in the approval of Economic Emergency Financial Act.


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