| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | I | |
| 2 | 2 | 119THCONGRESS | |
| 3 | 3 | 1 | |
| 4 | 4 | STSESSION H. R. 367 | |
| 5 | 5 | To amend the Internal Revenue Code of 1986 to modify the source rules | |
| 6 | 6 | for personal property sales in possessions of the United States. | |
| 7 | 7 | IN THE HOUSE OF REPRESENTATIVES | |
| 8 | 8 | JANUARY13, 2025 | |
| 9 | 9 | Ms. P | |
| 10 | 10 | LASKETTintroduced the following bill; which was referred to the | |
| 11 | 11 | Committee on Ways and Means | |
| 12 | 12 | A BILL | |
| 13 | 13 | To amend the Internal Revenue Code of 1986 to modify | |
| 14 | 14 | the source rules for personal property sales in possessions | |
| 15 | 15 | of the United States. | |
| 16 | 16 | Be it enacted by the Senate and House of Representa-1 | |
| 17 | 17 | tives of the United States of America in Congress assembled, 2 | |
| 18 | 18 | SECTION 1. SHORT TITLE. 3 | |
| 19 | 19 | This Act may be cited as the ‘‘Territorial Tax Parity 4 | |
| 20 | 20 | and Clarification Act’’. 5 | |
| 21 | 21 | SEC. 2. MODIFICATION OF SOURCE RULES FOR PERSONAL 6 | |
| 22 | 22 | PROPERTY SALES IN POSSESSIONS. 7 | |
| 23 | 23 | (a) I | |
| 24 | 24 | NGENERAL.—Section 865(j)(3) of the Internal 8 | |
| 25 | 25 | Revenue Code of 1986 is amended by inserting ‘‘, 932,’’ 9 | |
| 26 | 26 | after ‘‘931’’. 10 | |
| 27 | 27 | VerDate Sep 11 2014 18:06 Feb 05, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H367.IH H367 | |
| 28 | 28 | ssavage on LAPJG3WLY3PROD with BILLS 2 | |
| 29 | 29 | •HR 367 IH | |
| 30 | 30 | (b) EFFECTIVEDATE.—The amendments made by 1 | |
| 31 | 31 | this section shall apply to taxable years beginning after 2 | |
| 32 | 32 | December 31, 2023. 3 | |
| 33 | 33 | Æ | |
| 34 | 34 | VerDate Sep 11 2014 18:06 Feb 05, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H367.IH H367 | |
| 35 | 35 | ssavage on LAPJG3WLY3PROD with BILLS |