Bill
Bill > HR4060
summary
Introduced
10/12/2017
10/12/2017
In Committee
10/12/2017
10/12/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Tax Equity and Prosperity for Puerto Rican Families Act of 2017 This bill amends the Internal Revenue Code to make citizens of Puerto Rico eligible for the federal earned income tax credit and allow them to claim the refundable portion of the child tax credit on the same basis as U.S. taxpayers. In making the earned income tax credit applicable to Puerto Rican citizens, the bill modifies credit requirements to allow taxpayers in Puerto Rico to claim the credit at age 21 (rather than age 25) and to allow a credit percentage of 40, without regard to the number of qualifying children claimed by the taxpayer.
AI Summary
This bill, the Tax Equity and Prosperity for Puerto Rican Families Act of 2017, amends the Internal Revenue Code to make citizens of Puerto Rico eligible for the federal earned income tax credit (EITC) and allow them to claim the refundable portion of the child tax credit on the same basis as U.S. taxpayers. It modifies the EITC requirements for Puerto Rico residents, allowing them to claim the credit at age 21 (rather than 25) and setting the credit percentage at 40% regardless of the number of qualifying children. The bill also ensures that the refundable portion of the child tax credit is not reduced for Puerto Rico residents.
Committee Categories
Budget and Finance
Sponsors (15)
Bill Pascrell (D)*,
Earl Blumenauer (D),
Joseph Crowley (WFP),
Rosa DeLauro (D),
Vicente Gonzalez (D),
Luis Gutiérrez (D),
Brian Higgins (D),
Sheila Jackson-Lee (D),
John Larson (D),
Frank Pallone (D),
Linda Sánchez (D),
José Serrano (D),
Terri Sewell (D),
Nydia Velázquez (D),
Bonnie Watson Coleman (D),
Last Action
Referred to the House Committee on Ways and Means. (on 10/12/2017)
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/4060/all-info |
| BillText | https://www.congress.gov/115/bills/hr4060/BILLS-115hr4060ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4060/BILLS-115hr4060ih.pdf.pdf |
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