Skip to main content
HR 1037 118th Congress House Taxation Caribbean area Energy prices Oil and gas Sales and excise taxes U.S. territories and protectorates Virgin Islands

Territorial Tax Parity and Clarification Act

Introduced: February 14, 2023 Introduced by: Plaskett, Stacey E. Democratic · Virgin Islands See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 14, 2023
Referred to the House Committee on Ways and Means.
Feb 14, 2023
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Territorial Tax Parity and Clarification Act

This bill modifies the income source rules that apply with respect to the taxation of capital gains from certain personal property sales in the U.S. Virgin Islands (USVI).

Specifically, the bill requires capital gains income earned by a USVI resident to be considered USVI source income regardless of the tax rate imposed by the USVI government. (Under current law, a similar rule applies to other U.S. territories, including Guam, American Samoa, the Northern Mariana Islands, and Puerto Rico.)

What's happening now February 14, 2023

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • HR 1034 Related bill Territorial Tax Equity and Economic Growth Act of 2023
  • HR 1036 Related bill Territorial Tax Parity Act of 2023
 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. 1037: Territorial Tax Parity and Clarification Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1037/
MLA
"H.R. 1037: Territorial Tax Parity and Clarification Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1037/.
Bluebook (legal)
H.R. 1037, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1037/.
Markdown link
[H.R. 1037: Territorial Tax Parity and Clarification Act](https://openamerica.io/bill/118-HR-1037/)
Report a problem