I 112th CONGRESS 2d Session H. R. 4605 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.

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.