Bill117th CongressFiled Feb 26, 2021Taxation
H.R. 1426
Territorial Economic Recovery Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Feb 26, 2021)
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.
What just happenedFeb 26, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Del. Plaskett, Stacey E. [D-VI-At Large](D-VI)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions8subjects
- Introduced in HouseFeb 26, 2021
- Feb 26, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 26, 2021IntroReferralIntro-H
Introduced in House
- Feb 26, 2021IntroReferral1000
Introduced in House