Territorial Tax Parity and Fairness Act
The summary
What this bill does
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.
Legislative timeline
From introduction
Feb 14, 2023
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - VI · D-VI
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 118 |
| Bill Type | HR |
| Bill Number | 1039 |
| Origin Chamber | House |
| Current Status | Introduced |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | February 14, 2023 |
| Latest Action | December 17, 2024 |
| Cosponsors | 0 · House vote — · 1 views |