Bill > HR3553

This bill, titled the Earned Income Tax Credit Equity for Puerto Act of 2015, aims to make citizens of Puerto Rico eligible for the federal Earned Income Tax Credit (EITC), a tax credit for low-to-moderate income working individuals and families. Currently, residents of Puerto Rico are not eligible for this credit. The bill amends the Internal Revenue Code to include Puerto Rico in the definition of the United States for certain EITC provisions, ensures that the credit is not reduced for those with children, and clarifies how income is calculated for Puerto Rican residents claiming the credit, with the credit amount limited to what a similarly situated taxpayer in a U.S. state would receive. These changes would take effect for taxable years beginning after December 31, 2015.