[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4605 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4605

To amend the Internal Revenue Code of 1986 to extend the eligibility of 
activities in Puerto Rico for the deduction for income attributable to 
                    domestic production activities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 24, 2012

Mr. Pierluisi 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 extend the eligibility of 
activities in Puerto Rico for the deduction for income attributable to 
                    domestic production activities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF THE ELIGIBILITY OF ACTIVITIES IN PUERTO RICO 
              FOR DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC 
              PRODUCTION ACTIVITIES.

    (a) In General.--Subparagraph (C) of section 199(d)(8) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``first 6 taxable years'' and inserting 
        ``first 8 taxable years'', and
            (2) by striking ``January 1, 2012'' and inserting ``January 
        1, 2014''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to taxable years beginning after December 31, 2011.
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