109 HR 2181 IH: Puerto Rico Inclusion Act of 2005 U.S. House of Representatives 2005-05-05 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.

I 109th CONGRESS 1st Session H. R. 2181 IN THE HOUSE OF REPRESENTATIVES May 5, 2005 Mr. Fortuño introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow the manufacturing deduction provided by the American Jobs Creation Act of 2004 with respect to income attributable to domestic production activities in Puerto Rico.

1.

Short title

This Act may be cited as the Puerto Rico Inclusion Act of 2005.

2.

Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico

(a)

In general

Subsection (d) of section 199 of the Internal Revenue Code of 1986 (relating to definitions and special rules) is amended by redesignating paragraph (7) as paragraph (8) and by inserting after paragraph (6) the following new paragraph: (7)

United States defined

For purposes of this section, the term United States includes the Commonwealth of Puerto Rico.. (b)

Effective date

The amendment made by subsection (a) shall take effect as if included in section 102 of the American Jobs Creation Act of 2004.