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II
116TH CONGRESS
1ST SESSION
S. 698
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 SENATE OF THE UNITED STATES
MARCH 7, 2019
Mr. MENENDEZ (for himself and Mr. RUBIO) introduced the following bill;
which was read twice and referred to the Committee on Finance
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-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Child Tax Credit Eq-
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uity for Puerto Rico Act of 2019’’.
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•S 698 IS
SEC. 2. EQUITABLE TREATMENT FOR RESIDENTS OF PUER-
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TO RICO WITH RESPECT TO THE REFUND-
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ABLE PORTION OF THE CHILD TAX CREDIT.
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(a) IN GENERAL.—The second sentence of section
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24(d)(1) of the Internal Revenue Code of 1986 is amended
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by inserting ‘‘or section 933’’ after ‘‘section 112’’.
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(b) EFFECTIVE DATE.—The amendment made by
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subsection (a) shall apply to taxable years beginning after
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December 31, 2018.
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SEC. 3. SAME TREATMENT OF FAMILIES IN PUERTO RICO
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WITH ONE CHILD OR TWO CHILDREN THAT IS
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CURRENTLY PROVIDED TO ISLAND FAMILIES
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WITH THREE OR MORE CHILDREN.
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(a) IN GENERAL.—Section 24(d)(1) of the Internal
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Revenue Code of 1986 is amended by adding at the end
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the following: ‘‘In the case of an individual who is a bona
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fide resident of Puerto Rico during the entire taxable year,
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subparagraph (B)(ii) shall be applied by substituting ‘1
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or more qualifying children’ for ‘3 or more qualifying chil-
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dren’.’’.
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(b) EFFECTIVE DATE.—The amendment made by
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subsection (a) shall apply to taxable years beginning after
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December 31, 2018.
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Æ
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