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United States · Bill · S

S. 356 (103rd)

Possessions Wage Credit Act of 1993

referredUnited States· United States Congress· EN

Introduced

16 February 1993

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Possessions Wage Credit Act of 1993 - Amends the Internal Revenue Code to allow a possessions employment credit for wages paid or incurred by an employer for services performed by an employee within a possession of the United States, if such employee is a bona fide resident of such possession and is subject to its tax on income from sources within and without such possession. Terminates the Puerto Rico and possession tax credit.

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