Introduced:
Jan 13, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
3
Actions
0
Cosponsors
0
Summaries
10
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 13, 2025
Referred to the House Committee on Ways and Means.
Actions (3)
Referred to the House Committee on Ways and Means.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jan 13, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jan 13, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jan 13, 2025
Subjects (10)
American Samoa
Caribbean area
Guam
Northern Mariana Islands
Puerto Rico
Tax administration and collection, taxpayers
Taxation
(Policy Area)
Taxation of foreign income
U.S. territories and protectorates
Virgin Islands
Full Bill Text
Length: 1,704 characters
Version: Introduced in House
Version Date: Jan 13, 2025
Last Updated: Nov 14, 2025 6:28 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 365 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 365
To amend the Internal Revenue Code of 1986 to modify the residence and
source rules to provide for economic recovery in the possessions of the
United States.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 13, 2025
Ms. Plaskett introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to modify the residence and
source rules to provide for economic recovery in the possessions of the
United States.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 365 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 365
To amend the Internal Revenue Code of 1986 to modify the residence and
source rules to provide for economic recovery in the possessions of the
United States.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 13, 2025
Ms. Plaskett introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to modify the residence and
source rules to provide for economic recovery in the possessions of the
United States.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Territorial Tax Parity Act of
2025''.
SEC. 2.
(a) In General.--
Section 937
(b)
(2) of the Internal Revenue Code of
1986 is amended by inserting ``, but only to the extent such income is
attributable to an office or fixed place of business within the United
States (determined under the rules of
(b)
(2) of the Internal Revenue Code of
1986 is amended by inserting ``, but only to the extent such income is
attributable to an office or fixed place of business within the United
States (determined under the rules of
section 864
(c) (5) )'' before the
period at the end.
(c) (5) )'' before the
period at the end.
(b) Source Rules for Personal Property Sales.--
period at the end.
(b) Source Rules for Personal Property Sales.--
Section 865
(j)
(3) of
such Code is amended by inserting ``, 932,'' after ``931''.
(j)
(3) of
such Code is amended by inserting ``, 932,'' after ``931''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2024.
<all>