HR. 365In Committee
Territorial Tax Parity Act of 2025
Modifies tax sourcing rules for income from U.S. territories so income is treated as U.S.-sourced or effectively connected only when tied to a U.S. office or fixed place of business
Plain-English overview
What this bill does
Modifies tax sourcing rules for income from U.S. territories so income is treated as U.S.-sourced or effectively connected only when tied to a U.S. office or fixed place of business
Key points
- Authorize IRS payment limits
- Modify territorial income sourcing rules
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