HR 3020
112th Congress
House
Taxation
Caribbean area
Corporate finance and management
Foreign and international corporations
Puerto Rico
Tax administration and collection, taxpayers
Taxation of foreign income
U.S. territories and protectorates
Puerto Rico Investment Promotion Act of 2011
Introduced: September 22, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2011
Referred to the House Committee on Ways and Means.
Sep 22, 2011
Introduced in House
Sep 21, 2011
Sponsor introductory remarks on measure. (CR H6278-6279)
Plain-English summary
Puerto Rico Investment Promotion Act of 2011 - Amends the Internal Revenue Code to allow a corporation incorporated under the laws of Puerto Rico and deriving at least 50% of its gross income from sources within Puerto Rico to elect to be treated as a domestic corporation for U.S. tax purposes.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1