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HR 1428 117th Congress House Taxation American Samoa Caribbean area Guam Northern Mariana Islands Puerto Rico Tax administration and collection, taxpayers Taxation of foreign income U.S. territories and protectorates Virgin Islands

Territorial Tax Parity Act of 2021

Introduced: February 26, 2021 Introduced by: Plaskett, Stacey E. Democratic · Virgin Islands See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 26, 2021
Introduced in House
Feb 26, 2021
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service

Territorial Tax Parity Act of 2021

This bill modifies the income source rules involving U.S. possessions, including Guam, American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands.

Under current law, income is not considered to be possession source income if it is treated as income (1) from sources within the United States, or (2) effectively connected with the conduct of a trade or business within the United States. The bill amends this rule to specify that it applies to the extent that the income is attributable to an office or fixed place of business within the United States.

The bill also modifies the income source rules that apply to certain personal property sales in the Virgin Islands.

What's happening now February 26, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • HR 1429 Related bill Territorial Tax Equity and Economic Growth Act of 2021
  • HR 9250 Related bill Territorial Tax Parity and Clarification Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1428: Territorial Tax Parity Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1428/
MLA
"H.R. 1428: Territorial Tax Parity Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1428/.
Bluebook (legal)
H.R. 1428, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1428/.
Markdown link
[H.R. 1428: Territorial Tax Parity Act of 2021](https://openamerica.io/bill/117-HR-1428/)
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