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- H.R.5038
H.R.5038: Territorial Tax Equity and Economic Growth Act
About This Bill
- Introduced April 21, 2016
- Latest Major Action April 21, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Territorial Tax Equity and Economic Growth Act This bill amends the Internal Revenue Code to modify the residence and income source rules involving U.S. possessions, including Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. The bill specifies that a bona fide resident of a possession is a person who has a substantial presence in the possession for at least 122 days during the calendar year. (Under...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 21, 2016 |
Referred to the House Committee on Ways and Means.
|
April 21, 2016 |
Introduced in the House by Stacey Plaskett (D-Virgin Islands) |