Bill > HR3552

This bill, the Child Tax Credit Equity for Puerto Rico Act of 2015, aims to provide equal treatment for citizens of Puerto Rico regarding the child tax credit, specifically its refundable portion. The child tax credit is a tax credit available to taxpayers with qualifying children, and the "refundable portion" means that if the credit is more than the taxpayer's tax liability, they can receive the difference as a refund. Currently, residents of Puerto Rico are not able to claim this refundable portion on the same basis as other U.S. taxpayers, and this bill seeks to amend the Internal Revenue Code to allow them to do so for taxable years beginning after December 31, 2015.