110th CONGRESS
1st Session

H. R. 763

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

IN THE HOUSE OF REPRESENTATIVES

January 31, 2007

Mr. FORTUN.AE6O 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 allowable with respect to 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 ALLOWABLE WITH RESPECT TO INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO MADE PERMANENT.

    Paragraph (8) of section 199(d) of the Internal Revenue Code of 1986 (relating to treatment of activities in Puerto Rico) is amended by striking subparagraph (C).

END