House bill · H.R. 858 (119th Congress)
REVIVE VI Act
U.S. House of Representatives
Sponsor: Ron Estes (U.S. Representative, KS-4, Republican)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
Restore Economic Vitality and Investment in the Virgin Islands Act or the REVIVE VI Act This bill allows certain U.S. shareholders of a controlled foreign corporation to exclude qualified Virgin Islands service income from the calculation of global intangible low-taxed income (GILTI) for federal tax purposes. It also requires the Internal Revenue Service (IRS) to issue guidance on the exclusion. (Some limitations apply.) Under current law, U.S. shareholders that own 10% or more of a controlled foreign corporation are required to include in gross income the GILTI of the controlled foreign corporation. The calculation of GILTI is based, in part, on the controlled foreign corporation’s tested income (the controlled foreign corporation’s gross income excluding certain types of income and dividends). Under the bill, specified U.S. shareholders (individuals, trusts, estates, and certain closely-held C corporations) may exclude qualified Virgin Islands service income from a controlled foreign corporation’s gross income for purposes of calculating the controlled foreign corporation’s tested income. The bill defines qualified Virgin Islands service income as gross income that is compensation for labor or personal services performed in the Virgin Islands by a corporation formed under Virgin Islands laws, attributable to services performed in the Virgin Islands by individuals for the benefit of such corporation, and effectively connected with the conduct of a trade or business in the Virgin Islands. Finally, the bill requires the IRS to issue guidance on the exclusion of qualified Virgin Island service income from the GILTI calculation.
Summary from the Congressional Research Service. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Ways and Means · U.S. House of Representatives
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Cosponsors
8
Showing the 7 who are on Agora, A to Z. Congress.gov listed 8 as of Aug 1, 2026.
See all cosponsors on Congress.gov (opens in a new tab)- Republican4
- Democratic3
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Related bills
As identified by Congress.gov.
Full history
- Jan 31, 2025
Introduced
Introduced in House
U.S. House of Representatives
- Jan 31, 2025
Introduced
Introduced in U.S. House
U.S. House
- Jan 31, 2025
Referred to committee
Referred to the House Committee on Ways and Means.
U.S. House of Representatives
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.