Territorial Tax Parity and Fairness Act

United States118th CongressHR-1039House of Representatives
Updated: Dec 17, 2024

Summary

Territorial Tax Parity and Fairness Act This bill sets forth a tax rule with respect to certain bona fide residents of the U.S. Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands. It provides that such residents shall not be treated as U.S. persons for purposes of determining inclusions in gross income with respect to such corporations.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Ways and Means.

    House of Representatives

  3. Referred to the Subcommittee on Trade.

    House of Representatives

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