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Bill > HR1403


US HR1403

US HR1403
To amend the Internal Revenue Code of 1986 to make permanent the deduction for income attributable to domestic production activities in Puerto Rico.


summary

Introduced
03/07/2017
In Committee
03/07/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to make permanent the deduction for income attributable to domestic production activities in Puerto Rico. This bill amends the Internal Revenue Code to make permanent the tax deduction for income attributable to domestic production activities in Puerto Rico. (Under current law, the deduction expires on January 1, 2017.)

AI Summary

This bill amends the Internal Revenue Code to make permanent the tax deduction for income attributable to domestic production activities in Puerto Rico. Under current law, this deduction was set to expire on January 1, 2017, but this bill removes that expiration date, making the deduction a permanent part of the tax code.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Referred to the House Committee on Ways and Means. (on 03/07/2017)

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