H.R. 1426 · 117th Congress
Territorial Economic Recovery Act
- Stage
- In committee
- Sponsor
- Stacey Plaskett
- Introduced
- 2021-02-26
- Latest action
- 2021-02-26 · Introduced in House
Summary
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.