REVIVE VI Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10503 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10503 To amend the Internal Revenue Code of 1986 to determine global intangible low-taxed income without regard to certain income derived from services performed in the Virgin Islands. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 18, 2024 Ms. Plaskett (for herself and Mr. Estes) 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 determine global intangible low-taxed income without regard to certain income derived from services performed in the Virgin Islands. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Restore Economic Vitality and Investment in the Virgin Islands Act'' or the ``REVIVE VI Act''. SEC. 2. GLOBAL INTANGIBLE LOW-TAXED INCOME DETERMINED WITHOUT REGARD TO CERTAIN INC…