H.R. 1403

To amend the Internal Revenue Code of 1986 to make permanent the deduction for income attributable to domestic production activities in Puerto Rico.

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I

115th CONGRESS

1st Session

H. R. 1403

IN THE HOUSE OF REPRESENTATIVES

March 7, 2017

Miss González-Colón of Puerto Rico (for herself, Mr. Curbelo of Florida, Mr. Lewis of Georgia, and Mr. Serrano) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the deduction for income attributable to domestic production activities in Puerto Rico.

1.

Deduction for income attributable to domestic production activities in Puerto Rico made permanent

(a)

In general

Section 199(d)(8) of the Internal Revenue Code of 1986 is amended by striking subparagraph (C).

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2016.