To amend the Internal Revenue Code of 1986 to make permanent the deduction for income attributable to domestic production activities in Puerto Rico.

Fact Sheet API

Bill Number

HR 5400

Introduced

Jun 7, 2016

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Caribbean area Electric power generation and transmission Income tax deductions Lease and rental services Manufacturing Oil and gas Public utilities and utility rates Puerto Rico Taxation U.S. territories and protectorates Water use and supply

Full Text

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Votes

Summary

This bill amends the Internal Revenue Code to make permanent the tax deduction for income attributable to domestic production activities in Puerto Rico. (Under current law, the deduction expires on January 1, 2017.)

Actions

Jun 7, 2016

Referred to the House Committee on Ways and Means.
Jun 7, 2016

Introduced in House

Amendments

Related Bills