HR. 364In Committee
Territorial Tax Equity and Economic Growth Act of 2025
Lowers residency thresholds and changes territorial income sourcing rules for U.S. federal tax treatment of income from U.S. territories
Plain-English overview
What this bill does
Lowers residency thresholds and changes territorial income sourcing rules for U.S. federal tax treatment of income from U.S. territories
Key points
- Modify territorial income sourcing rules
- Reduce territorial presence requirement
- Expand IRS waiver authority
Current status
Where it stands
Status
In Committee
Latest action
2025-01-13 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedAmerican SamoaCaribbean areaGuamNorthern Mariana IslandsPuerto RicoTax administration and collection, taxpayersTaxation