United States · Bill · HR
H.R. 5113 (97th)
A bill to amend the Internal Revenue Code of 1954 to reduce the rate of certain taxes paid to the Virgin Islands on Virgin Islands source income, and for other purposes.
Introduced
3 December 1981
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to reduce to ten percent the income tax rate on Virgin Islands source income and provide for corresponding reductions in tax withholding. Provides that limitations on the foreign tax credit shall not apply to taxes paid to the Virgin Islands on Virgin Islands source income.
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 3 December 1981
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/5113
- Open data entity: https://api.congress.gov/v3/bill/97/hr/5113