Text: H.R.754 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in House (01/24/2019)


116th CONGRESS
1st Session
H. R. 754


To amend the Internal Revenue Code of 1986 to make residents of Puerto Rico eligible for the earned income tax credit.


IN THE HOUSE OF REPRESENTATIVES

January 24, 2019

Miss González-Colón of Puerto Rico (for herself, Mrs. Watson Coleman, and Ms. Wilson of Florida) 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 make residents of Puerto Rico eligible for the earned income 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 “Earned Income Tax Credit Equity for Puerto Rico Act of 2019”.

SEC. 2. Puerto Rico residents eligible for earned income tax credit.

(a) In general.—Section 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

“(n) Residents of Puerto Rico.—

“(1) IN GENERAL.—In the case of residents of Puerto Rico—

“(A) the United States shall be treated as including Puerto Rico for purposes of subsections (c)(1)(A)(ii)(I) and (c)(3)(C),

“(B) subsection (c)(1)(D) shall not apply to nonresident alien individuals who are residents of Puerto Rico, and

“(C) adjusted gross income and gross income shall be computed without regard to section 933 for purposes of subsections (a)(2)(B) and (c)(2)(A)(i).

“(2) LIMITATION.—The credit allowed under this section by reason of this subsection for any taxable year shall not exceed the amount, determined under regulations or other guidance promulgated by the Secretary, that a similarly situated taxpayer would receive if residing in a State.”.

(b) Child tax credit not reduced.—Subclause (II) of section 24(d)(1)(B)(ii) of such Code is amended by inserting before the period “(determined without regard to section 32(n) in the case of residents of Puerto Rico)”.

(c) Effective date.—The amendment made shall apply to taxable years beginning after December 31, 2019.