U.S. Congress - H.R.4679 Virgin Islands Improvement Act of 2010
H.R.4679 - Virgin Islands Improvement Act of 2010
To amend the Internal Revenue Code of 1986 to assist in the recovery and development of the Virgin Islands by providing for a reduction in the tax imposed on distributions from certain retirement plans' assets which are invested for at least 30 years, subject to defined withdrawals, under a Virgin Islands investment program. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to assist in the recovery and development of the Virgin Islands by providing for a reduction in the tax imposed on distributions from certain retirement plans' assets which are invested for at least 30 years, subject to defined withdrawals, under a Virgin Islands investment program. as introduced.
- Short: Virgin Islands Improvement Act of 2010 as introduced.
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Official Summary
2/24/2010--Introduced.Virgin Islands Improvement Act of 2010 - Amends the Internal Revenue Code to provide for a reduction of taxes on distributions from certain retirement savings plans designated by an individual under the age of 61 as being under investment by the Virgin Islands InvestmOfficial Summary
2/24/2010--Introduced.Virgin Islands Improvement Act of 2010 - Amends the Internal Revenue Code to provide for a reduction of taxes on distributions from certain retirement savings plans designated by an individual under the age of 61 as being under investment by the Virgin Islands Investment Program for at least 30 years. Defines "Virgin Islands Investment Program" for purposes of this Act as a fund with managed amounts of $50 billion or less. Imposes a 1.5% annual tax for 10 years, and 1% thereafter, on managed funds to benefit Virgin Island infrastructure development....Read the Rest
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Recent Blog Coverage
WashingtonWatch.com - H.R. 4679, The Virgin Islands Improvement ...
US Congress: HR 4679, The Virgin Islands Improvement Act of 2010.
WashingtonWatch.com - H.R. 4679, To amend the Internal Revenue ...
US Congress: HR 4679, To amend the Internal Revenue Code of 1986 to assist in the recovery and development of the Virgin Islands by providing for a reduction in the tax imposed on distributions from certain retirement plans' assets ...
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