Proposal:Territorial Tax Parity Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 411
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Territorial Tax Parity Act of 2019

This bill modifies the income source rules that apply with respect to the taxation of income from U.S. possessions (Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands).

Under current law, income is not possession source income if it is treated as (1) income from sources within the United States, or (2) as effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies only to the extent that the income is attributable to an office or fixed place of business within the United States.

The bill also modifies the income source rules that apply to certain personal property sales in the Virgin Islands.

Bill Title

Territorial Tax Parity Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-01-09: Referred to the House Committee on Ways and Means.
• 2019-01-09: Introduced in House
• 2019-01-09: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.