The "Territorial Tax Equity and Economic Growth Act of 2023" is a federal bill designed to promote economic growth by reforming the taxation system for U.S. territories. The main provisions of the bill include establishing a more equitable tax system for businesses operating in these territories, providing incentives for investment and job creation, and addressing issues related to international tax competition. The bill aims to stimulate economic development in U.S. territories by creating a more competitive business environment and attracting foreign investment. It also seeks to ensure that U.S. territories are not at a disadvantage compared to other jurisdictions when it comes to taxation policies.
2023-02-14: Introduced in House
2023-02-14: Referred to the House Committee on Ways and Means.
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