Title: Child Tax Credit Equity for Puerto Rico Act of 2019
Policy area: Taxation

Summary:
Child Tax Credit Equity for Puerto Rico Act of 2019
This bill modifies the rules for the refundable portion of the child tax credit to (1) allow residents of Puerto Rico to claim the refundable portion of the child tax credit on the same basis as U.S. taxpayers, and (2) allow residents of Puerto Rico with one or two children to claim the refundable portion of the credit on the same basis as residents with three or more children.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 698 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                 S. 698

    To amend the Internal Revenue Code of 1986 to provide equitable 
 treatment for residents of Puerto Rico with respect to the refundable 
 portion of the child tax credit and to provide the same treatment to 
    families in Puerto Rico with one child or two children that is 
   currently provided to island families with three or more children.


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                   IN THE SENATE OF THE UNITED STATES

                             March 7, 2019

Mr. Menendez (for himself and Mr. Rubio) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to provide equitable 
 treatment for residents of Puerto Rico with respect to the refundable 
 portion of the child tax credit and to provide the same treatment to 
    families in Puerto Rico with one child or two children that is 
   currently provided to island families with three or more children.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Child Tax Credit Equity for Puerto 
Rico Act of 2019''.

SEC. 2. EQUITABLE TREATMENT FOR RESIDENTS OF PUERTO RICO WITH RESPECT 
              TO THE REFUNDABLE PORTION OF THE CHILD TAX CREDIT.

    (a) In General.--The second sentence of section 24(d)(1) of the 
Internal Revenue Code of 1986 is amended by inserting ``or section 
933'' after ``section 112''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2018.

SEC. 3. SAME TREATMENT OF FAMILIES IN PUERTO RICO WITH ONE CHILD OR TWO 
              CHILDREN THAT IS CURRENTLY PROVIDED TO ISLAND FAMILIES 
              WITH THREE OR MORE CHILDREN.

    (a) In General.--Section 24(d)(1) of the Internal Revenue Code of 
1986 is amended by adding at the end the following: ``In the case of an 
individual who is a bona fide resident of Puerto Rico during the entire 
taxable year, subparagraph (B)(ii) shall be applied by substituting `1 
or more qualifying children' for `3 or more qualifying children'.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2018.
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