HR. 365In Committee
Territorial Tax Parity Act of 2025
Plain-English overview
What this bill does
Modifies tax sourcing rules for income from U.S. territories so income is treated as U.S.-sourced or effectively connected only when tied to a U.S. office or fixed place of business
Key points
- Authorize IRS payment limits
- Modify territorial income sourcing rules
Current status
Where it stands
Status
In Committee
Latest action
2025-01-13 — Referred to the House Committee on Ways and Means.
Related context
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.