summary
Introduced
05/18/2017
05/18/2017
In Committee
05/18/2017
05/18/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Earned Income Tax Credit Equity for Puerto Act of 2017 This bill amends the Internal Revenue Code to make citizens of Puerto Rico eligible for the federal earned income tax credit.
AI Summary
This bill amends the Internal Revenue Code to make residents of Puerto Rico eligible for the federal earned income tax credit (EITC). Specifically, it allows Puerto Rico residents to be treated as U.S. residents for the purposes of claiming the EITC, and it ensures that their adjusted gross income and gross income are computed without regard to the Puerto Rico tax exemption. However, the credit for Puerto Rico residents is limited to the amount a similarly situated taxpayer in a U.S. state would receive. The bill also clarifies that the child tax credit is not reduced for Puerto Rico residents. These changes are effective for taxable years beginning after December 31, 2017.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to the House Committee on Ways and Means. (on 05/18/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/2530/all-info |
| BillText | https://www.congress.gov/115/bills/hr2530/BILLS-115hr2530ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2530/BILLS-115hr2530ih.pdf.pdf |
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