US Congress House Bill 374 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 23 2013 - 25% progression, died in committee
Action: 2013-01-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Derek M. Hodge Virgin Islands Improvement Act of 2013 - Amends the Internal Revenue Code to provide for a reduction of taxes on distributions from certain retirement savings plans designated by an individual under the age of 61 as being under investment by the Virgin Islands Investment Program for at least 30 years. Defines "Virgin Islands Investment Program" for purposes of this Act as a fund with managed amounts of $50 billion or less. Imposes a 1.5% annual tax for 10 years, and 1% thereafter, on managed funds to benefit Virgin Island infrastructure development.

Derek M. Hodge Virgin Islands Improvement Act of 2013

Rep. Donna Christensen [D-VI]

Date	Chamber	Action
2013-01-23	House	Referred to the House Committee on Ways and Means.

HB3821 (Related) 2014-01-08 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/374/all-info
Text	https://www.congress.gov/113/bills/hr374/BILLS-113hr374ih.pdf