HRES 1553
Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes.
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Bill overview
This resolution expresses the House of Representatives’ concern about a tax loophole in Puerto Rico that allows wealthy Americans to avoid paying Federal taxes. It highlights how Act 22, combined with Federal tax laws, enables individuals with no ties to the island to claim tax exemptions and contribute to displacement and housing shortages. The resolution calls for immediate action to address these issues and minimize revenue losses associated with this tax avoidance strategy.
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Primary sponsor
Cosponsors
Barbara Lee
Cori Bush
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