House Bill 4060
115th Congress(2017-2018)
Tax Equity and Prosperity for Puerto Rican Families Act of 2017
Introduced
Introduced in House on Oct 12, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4060
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this 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.
October 12, 2017
10/12/2017
Referred to the House Committee on Ways and Means.
10/12/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:25 PM