PUBLIC LAW 98-67 —AUG. 5, 1983 97 STAT. 395 (1) facilitate cooperation between public and private entities interested in engaging in or furthering Caribbean trade; (2) serve as a catalyst for greater cultural exchange between the United States and Caribbean nations; and (3) facilitate expansion of job opportunities both in the United States and the Caribbean Basin. The study shall also include suggestions regarding the organization and staffing of such an institute. (c) The study required by this section shall be submitted to the Submittal to Congress within six months after the date of the enactment of this Congress. Act. SEC. 218. EFFECTIVE DATE OF SUBTITLE AND TERMINATION OF DUTY- 19 USC 2706. FREE TREATMENT. (a) EFFECTIVE DATE.— Th is subtitle shall take effect on the date of the enactment of this Act. (b) TERMINATION OF DUTY-FREE TREATMENT.—No duty-free treat- ment extended to beneficiary countries under this subtitle shall remain in effect after September 30, 1995. Subtitle B—Tax Provisions SEC. 221. PAYMENT OF EXCISE TAXES COLLECTED ON RUM TO PUERTO RICO AND THE UNITED STATES VIRGIN ISLANDS. (a) IN GENERAL.— Section 7652 of the Internal Revenue Code of 1954 (relating to shipments to the United States) is amended by 26 USC 7652. inserting after subsection (b) the following new subsection: "(c) SHIPMENTS OF RUM TO THE UNITED STATES. — "(1) EXCISE TAXES ON RUM COVERED INTO TREASURIES OF PUERTO RICO AND VIRGIN ISLANDS. — All taxes collected under section 5001(a)(1) on rum imported into the United States (less the 26 USC 5001. estimated amount necessary for payment of refunds and draw- backs) shall be covered into the treasuries of Puerto Rico and the Virgin Islands. "(2) SECRETARY PRESCRIBES FORMULA. —The Secretary shall, from time to time, prescribe by regulation a formula for the division of such tax collections between Puerto Rico and the Virgin Islands and the timing and methods for transferring such tax collections. "(3) RUM DEFINED.— For purposes of this subsection, the term 'rum' means any article classified under item 169.13 or 169.14 of the Tariff Schedules of the United States (19 U.S.C. 1202). "(4) COORDINATION WITH SUBSECTIONS (a) AND (b). —Para- graph (1) shall not apply with respect to any rum subject to tax under subsection (a) or (b).". (b) EFFECTIVE DATE.—The amendment made by subsection (a) 26 USC 7652 shall apply to articles imported into the United States after June 30, ^°^^- 1983. SEC. 222. TREATMENT OF CARIBBEAN CONVENTIONS, ETC. (a) GENERAL RULE. — Subsection (h) of section 274 of the Internal Revenue Code of 1954 (relating to attendance at conventions, etc.) is 26 USC 274. amended by adding at the end thereof the following new paragraph: "(6) TREATMENT OF CONVENTIONS IN CERTAIN CARIBBEAN COUNTRIES.—
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