118th Congress Taxation
H.R. 1055: Territorial Economic Recovery Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Nydia Velázquez D-NYOriginal
Who scored on this bill
No member has earned points from it yet.
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Other bills by Stacey Plaskett
- H.R. 8121: To designate the Christiansted Bandstand at the Christiansted National Historic Site, St. Croix, Virgin Islands, as the "Peter G. Thurland, Sr., Bandstand".
- H.R. 1737: To direct the Secretary of Commerce to submit to Congress a report containing an assessment of the value, cost, and feasibility of a trans-Atlantic submarine fiber optic cable connecting the contiguous United States, the United States Virgin Islands, Ghana, and Nigeria.
- H.R. 5034: Lieutenant General Samuel E. Ebbesen Post Office (Christiansted, St. Croix, VI)
- H.R. 3385: DiasporaLink Act
History
- Introduced in the House by Stacey Plaskett.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.