Territorial Tax Parity and Fairness Act

3.0.0 1039 2024-12-21T09:05:24Z 2024-12-21T09:05:24Z House H HR 2023-02-14 118 <pre>[Congressional Record Volume 169, Number 30 (Tuesday, February 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. PLASKETT:H.R. 1039.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution.The single subject of this legislation is:Tax parity and fairness for the U.S. Virgin Islands.[Page H842]</pre> hswm00 Ways and Means Committee House Standing hswm04 Trade Subcommittee Referred to 2024-12-17T16:03:29Z Referred to 2023-02-14T15:08:25Z 2024-12-17 hswm04 Trade Subcommittee 1 House committee actions Referred to the Subcommittee on Trade. Committee 2023-02-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-02-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-14 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 Taxation 2023-03-13T20:00:26Z

00 2023-02-14 Introduced in House 2023-03-15T15:48:07Z Territorial Tax Parity and Fairness Act This bill sets forth a tax rule with respect to certain bona fide residents of the U.S. Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands. It provides that such residents shall not be treated as U.S. persons for purposes of determining inclusions in gross income with respect to such corporations.

Territorial Tax Parity and Fairness Act Display Title 45 Territorial Tax Parity and Fairness Act 2024-07-24T15:23:41Z Short Title(s) as Introduced 101 Territorial Tax Parity and Fairness Act 2024-05-24T13:42:17Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to provide that certain bona fide residents of the Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands are not treated as United States persons for purposes of determining certain inclusions in gross income with respect to such corporations. 2024-03-18T20:20:38Z Introduced in House IH Introduced in House 2023-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1039ih/xml/BILLS-118hr1039ih.xml 2024-12-17 Referred to the Subcommittee on Trade. 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.