Investment Promotion Act Would Extend Domestic Tax Treatment to Puerto Rico Corporations

Congress is considering a bill that would allow certain corporations incorporated in Puerto Rico to elect to be treated as a domestic corporation for U.S. income tax purposes. H.R. 3020, the Puerto Rico Investment Promotion Act of 2011 , was introduced by Resident Commissioner Pedro R. Pierluisi, a Democrat...

Investment Promotion Act Would Extend Domestic Tax Treatment to Puerto Rico Corporations

Congress is considering a bill that would allow certain corporations incorporated in Puerto Rico to elect to be treated as a domestic corporation for U.S. income tax purposes. H.R. 3020, the Puerto Rico Investment Promotion Act of 2011 , was introduced by Resident Commissioner Pedro R. Pierluisi, a Democrat...