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U.S. Senators Mendez and Wicker Reintroduce Legislation Providing Tax Credit for Investments Made by U.S. Businesses in U.S. Territories

02 August 2021

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Proposed Changes

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United States-Puerto Rico

U.S. Senator Bob Menendez (D-NJ) has announced the reintroduction of the Territory Economic Development Tax Credit Act with Senator Roger Wicker (R-MS), which would provide a tax credit for investments made by U.S. businesses in U.S. territories. --- MENENDEZ, WICKER RENEW PUSH TO SPUR JOB-CREATION AND ECONOMIC DEVELOPMENT IN U.S. TERRITORIES WASHINGTON, D.C. – U.S. Senators Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee, and Roger Wicker (R-Miss.) today reintroduced the Territory Economic Development Tax Credit Act (TEDTCA), which would create a tax credit for wages and tangible investments made by U.S. based businesses in the U.S....