S. 1816Senate109th Congress (2005-2007)In Committee

A bill to amend the Internal Revenue Code of 1986 to allow the manufacturing deduction provided by the American Jobs Creation Act of 2004 with respect to income attributable to domestic production activities in Puerto Rico.

Introduced October 4, 2005

Legislative Activity

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3 earlier actions
SenateIntro Referral Latest Action

Sponsor introductory remarks on measure. (CR S13152)

November 17, 2005

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SenateIntro Referral

Introduced in Senate

October 4, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S10975)

October 4, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance.

October 4, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S13152)

November 17, 2005

Floor Debate

3 members

What members said about S. 1816 on the floor

3 Republicans
Lamar Alexander
Sen. Lamar AlexanderR-TN · Oct 4, 2005

Mr. President, Senator Cornyn and I are introducing legislation to amend the Immigration and Nationality Act. The legislation would be called the Strengthening American Citizenship Act. Over the next…

Jim DeMint
Sen. Jim DeMintR-SC · Oct 4, 2005

Mr. President, today I introduce the Cleanup and Reconstruction Enhancement Act, CARE Act, legislation that would free those trying to rebuild after emergencies from burdensome regulations imposed by…

Rick Santorum
Sen. Rick SantorumR-PA · Nov 17, 2005

I introduced a bill last month, S. 1816, that is vitally important to manufacturing businesses and the workers they employ in Puerto Rico. My bill extends the benefits of the manufacturing deduction,…

Rick Santorum
Sen. Rick SantorumR-PA · Oct 4, 2005

Mr. President, I rise today to introduce a bill to bring equity and fairness to the manufacturing and production activities in Puerto Rico. Earlier this Congress, my colleague from the House of…

Rick Santorum
Sen. Rick SantorumR-PA · Oct 4, 2005

Mr. President, I rise today to introduce a bill to bring equity and fairness to the manufacturing and production activities in Puerto Rico. Earlier this Congress, my colleague from the House of…

Bill Text

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Introduced in SenateIssued October 4, 2005

II

109th CONGRESS

1st Session

S. 1816

IN THE SENATE OF THE UNITED STATES

October 4, 2005

Mr. Santorum introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to allow the manufacturing deduction provided by the American Jobs Creation Act of 2004 with respect to income attributable to domestic production activities in Puerto Rico.

1.

Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico

(a)

In general

Subsection (d) of section 199 of the Internal Revenue Code of 1986 (relating to definitions and special rules) is amended by redesignating paragraph (7) as paragraph (8) and by inserting after paragraph (6) the following new paragraph:

(7)

Treatment of activities in puerto rico

In the case of any taxpayer with gross receipts for any taxable year from sources within the Commonwealth of Puerto Rico, if all of such receipts are taxable under section 1 or 11 for such taxable year, then for purposes of determining the domestic production gross receipts of such taxpayer for such taxable year under subsection (c)(4), the term United States shall include the Commonwealth of Puerto Rico.

.

(b)

Effective date

The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2005.