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- H.R.5039
H.R.5039: Territorial Tax Parity Act of 2016
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 Parity Act of 2016 This bill amends the Internal Revenue Code to modify the income source rules involving U.S. possessions, including Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. Under current law, income is not considered to be possession source income if it is treated as income: (1) from sources within the United States, or (2) effectively connected with the conduct of a trade or...
(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) |