MODIFICATIONS TO RUM COVER OVER.

SEC. 41102. MODIFICATIONS TO RUM COVER OVER. (a) Extension (1) [26 U.S.C. 7652] In general Section 7652(f)(1) is amended by striking “January 1, 2017” and inserting “January 1, 2022”. (2) [26 U.S.C. 7652 note] Effective date The amendment made by this subsection shall apply to distilled spirits brought into the United States after December 31, 2016. (b) Determination of Taxes on Rum (1) In general Section 7652(e) is amended by adding at the end the following new paragraph: “(5) Determination of amount of taxes collected For purposes of this subsection, the amount of taxes collected under section 5001(a)(1) shall be determined without regard to section 5001(c).” . (2) [26 U.S.C. 7652 note] Effective date The amendment made by this subsection shall apply to distilled spirits brought into the United States after December 31, 2017.