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

H.R. 3968 · 113th Congress · Jan 29, 2014 · Lineage

A BILL

(a)

In general— Section 199(d)(8)(C) of the Internal Revenue Code of 1986 is amended—

(1)

by striking “first 8 taxable years” and inserting “first 10 taxable years”, and

(2)

by striking “January 1, 2014” and inserting “January 1, 2016”.

(b)

Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2013.