Bill117th CongressFiled Feb 26, 2021Taxation
H.R. 1427
To amend the Internal Revenue Code of 1986 to provide that certain bona fide residents of the Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands are not treated as United States persons for purposes of determining certain inclusions in gross income with respect to such corporations.
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Under committee review
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What it doesSummary introduced in house (Feb 26, 2021)
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.
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
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- 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