A bill to support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.

United States115th CongressS-3256Senate
Latest legislative activity: Jul 24, 2018

Summary

Official Summary

Puerto Rico Economic Empowerment Act of 2018

This bill provides for various support for Puerto Rico, including by (1) establishing tax benefits for Puerto Rico, such as a tax credit for employment payroll taxes and an expansion of the child tax credit; (2) relaxing certain requirements related to Small Business Administration loan programs for certain Puerto Rico businesses; (3) prioritizing the transfer of surplus U.S. government property to qualified Puerto Rico businesses; and (4) establishing the Federal and State Technology Partnership Program in Puerto Rico.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-5975: To support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.

Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  1. Read twice and referred to the Committee on Finance.

    Senate

  2. Introduced in Senate

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