Child Tax Credit Equity for Puerto Rico Act of 2015

Bill: 114-hr-3552
Sponsor: full_name: Resident Commissioner Pierluisi, Pedro R. [D-PR-At Large]
Introduced: 2015-09-17
Policy area: Taxation
Subjects: Caribbean area

Income tax credits

Income tax exclusion

Puerto Rico

Tax treatment of families
Latest action: action_date: 2015-09-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-09-17
action_desc: Introduced in House
text: <p><strong>Child Tax Credit Equity for Puerto Rico Act of 2015</strong> </p> <p>This bill amends the Internal Revenue Code to allow&nbsp;citizens of Puerto Rico to claim the refundable portion of the child tax credit on the same basis as U.S. taxpayers. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3552 IN THE HOUSE OF REPRESENTATIVES September 17, 2015 Mr. Pierluisi introduced the following bill; which was referred to the Committee on Ways and Means 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.

1. Short title This Act may be cited as the Child Tax Credit Equity for Puerto Rico Act of 2015 . 2. Equitable treatment for residents of Puerto Rico with respect to the refundable portion of the child tax credit (a) In general 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, 2015.