# 114-hr-5163: Territorial Economic Growth and Recovery Act of 2016

114-hr-5163, Territorial Economic Growth and Recovery Act of 2016, is a 114th Congress bill sponsored by Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5163
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5163
- Congress: 114
- Title: Territorial Economic Growth and Recovery Act of 2016
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-04-29
- Sponsor: Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Territorial Economic Growth and Recovery Act of 2016 This bill amends the Internal Revenue Code to repeal the limitation on the amount of distilled spirits excise taxes covered over (paid into) to the treasuries of the Virgin Islands and Puerto Rico. If Puerto Rico or the Northern Mariana Islands has a tax system that mirrors federal tax law (mirror code tax system), the Department of the Treasury must pay each possession amounts equal to the loss to the possession due to the application of the Earned Income Tax Credit (EITC). If the possession does not have a mirror code tax system, Treasury must pay to the possession an amount equal to the aggregate benefits that would have been provided to residents of the possession by applying the EITC if a mirror code tax system had been in effect. Treasury must pay to the Virgin Islands and Guam amounts equal to the aggregate loss to the Virgin Islands or Guam due to the Child Tax Credit. The Joint Board for the Enrollment of Actuaries must submit to Treasury's Office of Domestic Finance recommendations for actions that would be necessary to ensure that the public pension plans of the Virgin Islands can be sustainably maintained and funded by the government of the Virgin Islands for the next 20 years.

## Cosponsors (1)

- Del. Bordallo, Madeleine Z. [D-GU-At Large] (D-GU), 2016-04-29T00:00:00.000Z

## Related bills

- 114-hr-6023: Territory Health Insurance Tax Relief Act of 2016
- 114-hr-5773: Stop Tobacco Smuggling in the Insular Areas Act of 2016
- 114-hr-5292: Air Traffic Controller Hiring Improvement Act of 2016
- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-5025: 2016 Tax Day Floods Supplemental Funding Act
- 114-hr-4309: To amend the Internal Revenue Code of 1986 to reimburse each possession of the United States for the cost of the earned income tax credit.

## Sources
- [114-hr-5163 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5163)

## Related
- [114-hr-6023: Territory Health Insurance Tax Relief Act of 2016](https://policyrisk.com/legislation/114-hr-6023)
- [114-hr-5773: Stop Tobacco Smuggling in the Insular Areas Act of 2016](https://policyrisk.com/legislation/114-hr-5773)
- [114-hr-5292: Air Traffic Controller Hiring Improvement Act of 2016](https://policyrisk.com/legislation/114-hr-5292)
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-5025: 2016 Tax Day Floods Supplemental Funding Act](https://policyrisk.com/legislation/114-hr-5025)
- [114-hr-4309: To amend the Internal Revenue Code of 1986 to reimburse each possession of the…](https://policyrisk.com/legislation/114-hr-4309)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5163 (as of 2025-11-18).