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United States · Bill · HR

H.R. 1039 (118th)

Territorial Tax Parity and Fairness Act

referredUnited States· United States Congress· EN

Introduced

14 February 2023

Last action

Status

Referred to the Subcommittee on Trade.

Sponsors

Subjects

Discovery layer

Source updated

21 December 2024

Summary

Territorial Tax Parity and Fairness Act This bill sets forth a tax rule with respect to certain bona fide residents of the U.S. Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands. It provides that such residents shall not be treated as U.S. persons for purposes of determining inclusions in gross income with respect to such corporations.

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Documents

3 official files

Introduced in House (text)

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