[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1697 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
                                H. R. 1697

    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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 27, 2025

Mr. Hernandez 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Child Tax Credit Relief for Puerto 
Rican Families Act''.

SEC. 2. EQUITABLE TREATMENT FOR RESIDENTS OF PUERTO RICO WITH RESPECT 
              TO THE REFUNDABLE PORTION OF THE CHILD TAX CREDIT.

    (a) In General.--Section 24(d)(1) of the Internal Revenue Code of 
1986 is amended by inserting ``or section 933'' after ``section 112''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2024.

SEC. 3. DEFINITION OF SOCIAL SECURITY TAXES FOR PURPOSES OF CALCULATING 
              PORTION OF CREDIT REFUNDABLE.

    (a) In General.--Section 24(k)(2)(B) of the Internal Revenue Code 
of 1986 is amended by striking ``and'' at the end of clause (i), by 
striking the period at the end of clause (ii) and inserting ``, and'', 
and by adding at the end the following new clause:
                            ``(iii) subsection (d)(2)(A) shall be 
                        applied--
                                    ``(I) in clause (i), by inserting 
                                `twice' before `the amount', and
                                    ``(II) by striking `50 percent of' 
                                each place it appears.''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to taxable years beginning after December 31, 2024.
                                 <all>