US Congress House Bill 189 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Territorial Tax Parity Act of 2017 This bill amends the Internal Revenue Code to modify the income source rules involving U.S. possessions, including Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. Under current law, income is not considered to be possession source income if it is treated as income: (1) from sources within the United States, or (2) effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies to the extent that the income is attributable to an office or fixed place of business within the United States. The bill also revises the source rules for personal property sales. The Internal Revenue Service may limit the application in the Virgin Islands of requirements for U.S. citizens and resident aliens to pay a tax to a foreign country to be considered a nonresident of the United States for certain personal property sales.

Territorial Tax Parity Act of 2017

Rep. Stacey Plaskett [D-VI]

Date	Chamber	Action
2017-01-03	House	Referred to the House Committee on Ways and Means.
2017-01-03	House	Introduced in House

HB190 (Related) 2017-01-03 - Referred to the House Committee on Ways and Means.
SB1 (Related) 2017-11-28 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 269.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/189/all-info
Text	https://www.congress.gov/115/bills/hr189/BILLS-115hr189ih.pdf