Child Tax Credit Equity for Puerto Rico Act

I ★ 117TH CONGRESS 1ST SESSION H. R. 106 To amend the Internal Revenue Code of 1986 to provide equitable treatment for residents of Puerto Rico with respect to the refundable portion of the child tax credit and to provide the same treatment to families in Puerto Rico with one child or two children that is currently provided to island families with three or more children. IN THE HOUSE OF REPRESENTATIVES JANUARY 4, 2021 Miss GONZA´LEZ-COLO´N (for herself and Mr. SOTO) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide equitable treatment for residents of Puerto Rico with respect to the refundable portion of the child tax credit and to provide the same treatment to families in Puerto Rico with one child or two children that is currently provided to island families with three or more children. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Child Tax Credit Eq- 4 uity for Puerto Rico Act’’. 5 VerDate Sep 11 2014 02:59 Feb 03, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H106.IH H106 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 106 IH1S SEC. 2. EQUITABLE TREATMENT FOR RESIDENTS OF PUER- 1 TO RICO WITH RESPECT TO THE REFUND- 2 ABLE PORTION OF THE CHILD TAX CREDIT. 3 (a) IN GENERAL.—Section 24(d)(1) of the Internal 4 Revenue Code of 1986 is amended by inserting ‘‘or section 5 933’’ after ‘‘section 112’’. 6 (b) EFFECTIVE DATE.—The amendment made by 7 subsection (a) shall apply to taxable years beginning after 8 December 31, 2020. 9 SEC. 3. SAME TREATMENT OF FAMILIES IN PUERTO RICO 10 WITH ONE CHILD OR TWO CHILDREN THAT IS 11 CURRENTLY PROVIDED TO ISLAND FAMILIES 12 WITH THREE OR MORE CHILDREN. 13 (a) IN GENERAL.—Section 24(d)(1) of the Internal 14 Revenue Code of 1986 is amended by adding at the end 15 the following: ‘‘In the case of an individual who is a bona 16 fide resident of Puerto Rico during the entire taxable year, 17 subparagraph (B)(ii) shall be applied by substituting ‘1 18 or more qualifying children’ for ‘3 or more qualifying chil- 19 dren’.’’. 20 (b) EFFECTIVE DATE.—The amendment made by 21 subsection (a) shall apply to taxable years beginning after 22 December 31, 2020. 23 Æ VerDate Sep 11 2014 02:59 Feb 03, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H106.IH H106 kjohnson on DSK79L0C42PROD with BILLS