HOUSE 1039118th CongressReferred to the Subcommittee on Trade.
Territorial Tax Parity and Fairness Act
- Last Action
- 12/17/2024
Actions
- 2024-12-17Referred to the Subcommittee on Trade.
- 2023-02-14Referred to the House Committee on Ways and Means.
- 2023-02-14Introduced in House
- 2023-02-14Introduced in House
CRS Summary
As of 2023-02-14 (00)
Territorial Tax Parity and Fairness Act
This bill sets forth a tax rule with respect to certain bona fide residents of the U.S. Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands. It provides that such residents shall not be treated as U.S. persons for purposes of determining inclusions in gross income with respect to such corporations.
Subjects
- Income tax rates
- Tax administration and collection, taxpayers
- U.S. territories and protectorates
- Virgin Islands
Sourced from Congress.gov (public domain).
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