Current Status of Bill HR 368
Bill HR 368 is currently in the status of Bill Introduced since January 13, 2025. Bill HR 368 was introduced during Congress 119 and was introduced to the House on January 13, 2025. Bill HR 368's most recent activity was Referred to the House Committee on Ways and Means. as of January 13, 2025
Bipartisan Support of Bill HR 368
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0
Policy Area and Potential Impact of Bill HR 368
Primary Policy Focus
Alternate Title(s) of Bill HR 368
To amend the Internal Revenue Code of 1986 to provide that certain bona fide residents of the Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands are not treated as United States persons for purposes of determining certain inclusions in gross income with respect to such corporations.To amend the Internal Revenue Code of 1986 to provide that certain bona fide residents of the Virgin Islands who are shareholders of corporations organized under the laws of the Virgin Islands are not treated as United States persons for purposes of determining certain inclusions in gross income with respect to such corporations.