Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes.

3.0.0 1553 2024-12-16T19:21:47Z 2024-12-16T19:21:47Z House H HRES 2024-10-25 118 hswm00 Ways and Means Committee House Standing Referred to 2024-10-25T15:01:00Z 2024-10-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2024-10-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2024-10-25 Submitted in House IntroReferral 1025 9 Library of Congress 2024-10-25 Introduced in House IntroReferral 1000 9 Library of Congress R000617 Rep. Ramirez, Delia C. [D-IL-3] Delia Ramirez D IL C. 3 N V000081 Rep. Velázquez, Nydia M. [D-NY-7] Nydia Velázquez D NY M. 7 2024-10-25 True O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2024-10-25 True B001224 Rep. Bush, Cori [D-MO-1] Cori Bush D MO 1 2024-10-25 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2024-10-25 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2024-10-25 True G000599 Rep. Goldman, Daniel S. [D-NY-10] Daniel Goldman D NY S. 10 2024-10-25 True E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2024-10-25 True T000481 Rep. Tlaib, Rashida [D-MI-12] Rashida Tlaib D MI 12 2024-10-25 True L000551 Rep. Lee, Barbara [D-CA-12] Barbara Lee D CA 12 2024-10-25 True M000312 Rep. McGovern, James P. [D-MA-2] James McGovern D MA P. 2 2024-10-25 True G000586 Rep. García, Jesús G. "Chuy" [D-IL-4] Jesús García D IL G. "Chuy" 4 2024-10-25 True Taxation Taxation 2024-11-18T16:58:21Z

00 2024-10-25 Introduced in House 2024-12-02T19:51:59Z <p>This resolution requires the House of Representatives to address the revenue impact and application of tax law that excludes certain income sourced to Puerto Rico from taxation by the United States and Puerto Rico, particularly the application of the Act to Promote the Relocation of Individual Investors to Puerto Rico (also known as Act 22), which provides tax benefits to residents of Puerto Rico.</p><p>Under current law, income, dividends, interest, and some capital gains sourced to Puerto Rico may be excluded or exempt from tax by both the United States and Puerto Rico. The Internal Revenue Service initiated an audit and compliance campaign targeting individuals who attempt to avoid tax by improperly claiming to be a resident of Puerto Rico or erroneously sourcing income to Puerto Rico (rather than the United States) to claim tax exemptions and exclusions.</p>

Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes. Official Title as Introduced 6 Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes. 2024-10-26T08:18:18Z Introduced in House IH Display Title 45 Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes. 2024-10-26T08:05:27Z Introduced in House 2024-10-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hres1553ih/xml/BILLS-118hres1553ih.xml 2024-10-25 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.