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119th CONGRESS
1st Session |
To amend the Internal Revenue Code of 1986 to modify the source rules for personal property sales in possessions of the United States.
Ms. Plaskett introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to modify the source rules for personal property sales in possessions of the United States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Territorial Tax Parity and Clarification Act”.
SEC. 2. Modification of source rules for personal property sales in possessions.
(a) In general.—Section 865(j)(3) of the Internal Revenue Code of 1986 is amended by inserting “, 932,” after “931”.
(b) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2023.