# 119-hr-365: Territorial Tax Parity Act of 2025

119-hr-365, Territorial Tax Parity Act of 2025, is a 119th Congress bill sponsored by Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI); status introduced; PRIA reads it as touching household money (as of 2026-04-29).

- Canonical: https://policyrisk.com/legislation/119-hr-365
- As of: 2026-04-29
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-365
- Congress: 119
- Title: Territorial Tax Parity Act of 2025
- Status: introduced
- Introduced: 2025-01-13
- Sponsor: Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-29

## Summary

**Territorial tax parity for U.S. possessions** is the bill's main aim. It would change how income tied to possessions is sourced for U.S. tax rules and add a new cross‑reference affecting sales of personal property. - Businesses operating in U.S. possessions would face a narrower test for when income is treated as attributable to a U.S. office or fixed place, using the attribution rules in section 864(c)(5). - Sellers of personal property that involve U.S. possessions would see the sale-of-personal-property sourcing rules expanded by adding a cross-reference to section 932 after section 931 in section 865(j)(3). - Taxpayers and tax advisers would need to apply these new sourcing rules for taxable years beginning after December 31, 2024.

## Provisions PRIA read

- New territory income tax rules: mixed, low. This bill would change how income tied to U.S. territories is sourced for tax. Income would be treated as U.S. source to the extent it is attributable to a U.S. office or fixed place of business, using section 864(c)(5). It would also apply section 932, along with section 931, to the sale‑of‑person…

## Related bills

- 119-hr-6900: American Affordability Act of 2025
- 119-hr-3077: Agriculture Resilience Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-4312: SCORE Act
- 119-hr-5862: American Energy Independence and Affordability Act
- 119-hr-5361: George Floyd Justice in Policing Act of 2025

## Sources
- [119-hr-365 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/365)

## Related
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-3077: Agriculture Resilience Act of 2025](https://policyrisk.com/legislation/119-hr-3077)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-4312: SCORE Act](https://policyrisk.com/legislation/119-hr-4312)
- [119-hr-5862: American Energy Independence and Affordability Act](https://policyrisk.com/legislation/119-hr-5862)
- [119-hr-5361: George Floyd Justice in Policing Act of 2025](https://policyrisk.com/legislation/119-hr-5361)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-365 (as of 2026-04-29).