HR 367
Territorial Tax Parity and Clarification Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:48 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Territorial Tax Parity and Clarification Act, aims to ensure that the tax rules for income from the sale of personal property in U.S. territories are consistent. Currently, the IRS can limit the income tax paid by a U.S. resident selling personal property from a fixed location in territories like Guam and American Samoa. This bill expands this IRS authority to include the Virgin Islands, ensuring that income from these sales is treated as foreign-sourced for federal tax purposes if a minimum tax payment isn't made.
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Primary sponsor
Stacey E. [D-VI-At Large] Plaskett
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