Territorial Economic Recovery Act

Summary

Territorial Economic Recovery Act This bill restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 February 2021

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 26 February 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 February 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 February 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 February 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 February 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 26 February 2021

  Open at official source

Sponsors

• Stacey Plaskett · D · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Territorial Economic Recovery Act