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Territorial Economic Recovery Act

USA116th CongressHR-6648| House 
| Updated: 5/1/2020
Stacey E. Plaskett

Stacey E. Plaskett

Democratic Representative

Virgin Islands

Cosponsors (4)
Carolyn B. Maloney (Democratic)Adriano Espaillat (Democratic)Nydia M. Velázquez (Democratic)Yvette D. Clarke (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 1, 2020
Introduced in House
May 1, 2020
Referred to the House Committee on Ways and Means.
Jun 11, 2020

Latest Companion Bill Action

S 116-3940
Introduced in Senate
  • May 1, 2020
    Introduced in House


  • May 1, 2020
    Referred to the House Committee on Ways and Means.


  • June 11, 2020

    Latest Companion Bill Action

    S 116-3940
    Introduced in Senate

Taxation

Related Bills

  • S 116-3940: Territorial Economic Recovery Act
American SamoaGuamIncome tax exclusionNorthern Mariana IslandsPuerto RicoTaxation of foreign incomeU.S. territories and protectoratesVirgin Islands

Territorial Economic Recovery Act

USA116th CongressHR-6648| House 
| Updated: 5/1/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 1, 2020
Introduced in House
May 1, 2020
Referred to the House Committee on Ways and Means.
Jun 11, 2020

Latest Companion Bill Action

S 116-3940
Introduced in Senate
  • May 1, 2020
    Introduced in House


  • May 1, 2020
    Referred to the House Committee on Ways and Means.


  • June 11, 2020

    Latest Companion Bill Action

    S 116-3940
    Introduced in Senate
Stacey E. Plaskett

Stacey E. Plaskett

Democratic Representative

Virgin Islands

Cosponsors (4)
Carolyn B. Maloney (Democratic)Adriano Espaillat (Democratic)Nydia M. Velázquez (Democratic)Yvette D. Clarke (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 116-3940: Territorial Economic Recovery Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American SamoaGuamIncome tax exclusionNorthern Mariana IslandsPuerto RicoTaxation of foreign incomeU.S. territories and protectoratesVirgin Islands