3.0.0 411 2022-11-01T13:49:20Z 2022-11-01T13:49:20Z House HR 2019-01-09 116 [Congressional Record Volume 165, Number 4 (Wednesday, January 9, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PLASKETT:H.R. 411.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.[Page H360]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-01-09T15:04:30Z Territorial Tax Equity and Economic Growth Act of 2019 116 412 HR 2019-01-09 Referred to the House Committee on Ways and Means. Related bill CRS 2019-01-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-01-09 Introduced in House IntroReferral 1000 9 Library of Congress P000610 Del. Plaskett, Stacey E. [D-VI-At Large] Stacey Plaskett D VI E. N Taxation American Samoa Caribbean area Guam Northern Mariana Islands Puerto Rico Tax administration and collection, taxpayers Taxation of foreign income U.S. territories and protectorates Virgin Islands Taxation 00 2019-01-09 Introduced in House 2019-04-08T16:08:09Z Territorial Tax Parity Act of 2019

This bill modifies the income source rules that apply with respect to the taxation of income from U.S. possessions (Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands).

Under current law, income is not possession source income if it is treated as (1) income from sources within the United States, or (2) as effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies only to the extent that the income is attributable to an office or fixed place of business within the United States.

The bill also modifies the income source rules that apply to certain personal property sales in the Virgin Islands.

]]> Territorial Tax Parity Act of 2019 Display Title Territorial Tax Parity Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to modify the source rules to provide for economic recovery in the possessions of the United States. Introduced in House IH Short Title(s) as Introduced Territorial Tax Parity Act of 2019 Introduced in House IH Introduced in House 2019-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr411ih/xml/BILLS-116hr411ih.xml 2019-01-09 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.