3.0.0 374 2023-01-11T13:23:11Z 2023-01-11T13:23:11Z House H HR 2013-01-23 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. CHRISTENSEN:H.R. 374.Congress has the power to enact this legislation pursuantto the following:``Article IV, section 3 of the Constitution of the UnitedStates grant Congress the authority to make all needful Rulesand Regulations respecting the Territory or other Propertybelonging to the United States and Article 1, section 7 whichprovides that all Bills for raising Revenue shall originatein the House of Representatives.''[Page H282]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-01-23T14:04:45Z 113 3821 HR 2014-01-08 Referred to the House Committee on Ways and Means. Related bill CRS 2013-01-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-01-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-01-23 Introduced in House IntroReferral 1000 9 Library of Congress C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. N Taxation Caribbean area Employee benefits and pensions Financial services and investments Income tax exclusion Infrastructure development Sales and excise taxes State and local finance Virgin Islands Taxation

00 2013-01-23 Introduced in House 2013-02-04T20:11:58Z Derek M. Hodge Virgin Islands Improvement Act of 2013 - Amends the Internal Revenue Code to provide for a reduction of taxes on distributions from certain retirement savings plans designated by an individual under the age of 61 as being under investment by the Virgin Islands Investment Program for at least 30 years. Defines "Virgin Islands Investment Program" for purposes of this Act as a fund with managed amounts of $50 billion or less. Imposes a 1.5% annual tax for 10 years, and 1% thereafter, on managed funds to benefit Virgin Island infrastructure development.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2013-01-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr374ih/xml/BILLS-113hr374ih.xml 2013-01-23 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.