Stacey E. Plaskett

To designate the Christiansted Bandstand at the Christiansted National Historic Site, St. Croix, Virgin Islands, as the "Peter G. Thurland, Sr., Bandstand".

This bill would officially rename the Christiansted Bandstand at a historic site in St. Croix, Virgin Islands, to honor Peter G. Thurland, Sr. The change is purely ceremonial and affects the name of a public structure at a national historic site, recognizing Thurland's contributions to the community.

Territories Health Equity Act of 2025

This bill aims to improve healthcare access and quality in U.S. territories like Puerto Rico, the U.S. Virgin Islands, and Guam by addressing gaps in health services and funding that these island communities face. The legislation likely includes provisions to increase federal healthcare funding, expand insurance coverage, and improve medical infrastructure in these territories, which have historically received less healthcare investment than the mainland. The bill would primarily affect residents of U.S. territories and healthcare providers serving those communities.

Territory Health Revitalization Act

This bill would likely improve healthcare services and infrastructure in U.S. territories like Puerto Rico, the U.S. Virgin Islands, and Guam by directing federal funding and resources to strengthen their health systems. The legislation would affect residents of these territories who currently have limited access to medical care and hospitals, as well as healthcare providers working in these areas. The bill has been sent to the House Committee on Ways and Means, which handles federal spending and tax matters related to healthcare programs.

Expressing support for the designation of the last Tuesday of April each year as "APOL1-Mediated Kidney Disease (AMKD) Awareness Day".

This resolution expresses support for APOL1-Mediated Kidney Disease (AMKD) Awareness Day.

Territorial Tax Equity and Economic Growth Act of 2025

This bill would change how the U.S. taxes income earned by American companies in foreign countries, likely shifting toward a "territorial" system where companies pay U.S. taxes only on income made domestically rather than worldwide income. The change would primarily affect large multinational corporations and could influence where they choose to do business and invest, while potentially reducing federal tax revenue or requiring changes to other tax rules to offset the loss.

Territorial Tax Parity and Clarification Act

Territorial Tax Parity and Clarification Act This bill authorizes the Internal Revenue Service (IRS) to limit the income tax payment to the Virgin Islands required to treat income from the sale of certain personal property as foreign-sourced income for federal tax purposes. As background, income from certain personal property sales from a fixed place of business in a U.S. territory by a U.S. resident may be U.S.-sourced income unless an income tax of at least 10% is paid to the U.S. territory. Under current law, the IRS may limit the 10% tax payment requirement related to income from such personal property sales in Guam, American Samoa, the Northern Mariana Islands, and Puerto Rico. This bill expands the IRS’s authority to include limiting the tax requirement for personal property sales in the Virgin Islands.

Territorial Tax Parity Act of 2025

Territorial Tax Equity Parity Act of 2025 This bill modifies the income sourcing rules related to taxation of income from U.S. territories. Under the bill, income is U.S.-sourced income or effectively connected to a U.S. trade or business only if attributable to an office or fixed place of business in the United States. (Currently, income is sourced to a U.S. territory and, thus, may be excluded from the gross income of a bona fide resident of a U.S. territory in calculating U.S. federal income tax if it is not U.S.-sourced income or effectively connected with a U.S. trade or business.) Further, the bill authorizes the Internal Revenue Service (IRS) to limit the income tax payment to the Virgin Islands required to treat income from the sale of certain personal property as foreign-sourced income for federal tax purposes. (Currently, income from certain personal property sales from a fixed place of business in a U.S. territory by a U.S. resident may be U.S.-sourced income unless an income tax of at least 10% is paid to the U.S. territory. The Internal Revenue Service (IRS) may limit the 10% tax payment requirement related to income from personal property sales in Guam, American Samoa, the Northern Mariana Islands, and Puerto Rico.)

Territorial Economic Recovery Act

Territorial Economic Recovery Act This bill excludes the income of certain controlled foreign corporations in U.S. territories from the calculation of global intangible low-taxed income (GILTI) for federal tax purposes. Under current law, a U.S. shareholder of a controlled foreign corporation is required to include in gross income the GILTI of the shareholder. The calculation of GILTI is based, in part, on the controlled foreign corporation’s tested income (the controlled foreign corporation’s gross income less certain exclusions). Under the bill, the income from a qualified possession corporation that is effectively connected with an active trade or business within a U.S. territory (Puerto Rico, U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands) is excluded from gross income for purposes of calculating a controlled foreign corporation’s tested income. The bill defines a qualified possession corporation as any controlled foreign corporation if, for a three-year period ending in the prior tax year (or for the existence of the controlled foreign corporation if less than three years) (1) 80% or more of the controlled foreign corporation’s gross income was derived from a U.S. territory, and (2) 75% or more of the controlled foreign corporation’s gross income was effectively connected to the active conduct of a trade or business within a U.S. territory.