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

This bill amends the Internal Revenue Code to make permanent the tax deduction for income attributable to domestic production activities in Puerto Rico. (Under current law, the deduction expires on January 1, 2017.)

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5400 Introduced in House (IH)]

<DOC>






114th CONGRESS
  2d Session
                                H. R. 5400

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 7, 2016

Mr. Tom Price of Georgia (for himself and Mr. Pierluisi) 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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.
                                 <all>