Bill Sponsor
House Bill 411
116th Congress(2019-2020)
Territorial Tax Parity Act of 2019
Introduced
Introduced
Introduced in House on Jan 9, 2019
Overview
Text
Introduced
Jan 9, 2019
Latest Action
Jan 9, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
411
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
U.S. Virgin Islands
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Territorial Tax Parity Act of 2019

This bill modifies the income source rules that apply with respect to the taxation of income from U.S. possessions (Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands).

Under current law, income is not possession source income if it is treated as (1) income from sources within the United States, or (2) as effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies only to the extent that the income is attributable to an office or fixed place of business within the United States.

The bill also modifies the income source rules that apply to certain personal property sales in the Virgin Islands.

Text (1)
January 9, 2019
Actions (2)
01/09/2019
Referred to the House Committee on Ways and Means.
01/09/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:49:20 PM