Summary: H.R.1555 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.1555. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/12/2005)

Insular Areas Tax Credit Act - Amends the Internal Revenue Code to require the United States to pay an estimate of the portion of the applicable earned income and child tax credit to Guam and the Virgin Islands during the first three and one half months of calendar year 2006 and each calendar year thereafter. Provides for adjustments to and supplemental payments of such tax credit payments.