H.R.3020: Puerto Rico Investment Promotion Act of 2011

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about taxation
  • Introduced Sept. 22, 2011
  • Latest Major Action Sept. 22, 2011

Bill Summary

Puerto Rico Investment Promotion Act of 2011 - Amends the Internal Revenue Code to allow a corporation incorporated under the laws of Puerto Rico and deriving at least 50% of its gross income from sources within Puerto Rico to elect to be treated as a domestic corporation for U.S. tax purposes.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Sept. 22, 2011

Introduced in the House by Pedro Pierluisi (D-Puerto Rico)

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