A bill to support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.
USA115th CongressS-3256| Senate
| Updated: 7/24/2018
Orrin G. Hatch
Republican Senator
Utah
Cosponsors (1)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Commerce
AppropriationsBusiness investment and capitalCaribbean areaCensus and government statisticsCongressional oversightDepartment of CommerceDisaster relief and insuranceEconomic developmentEmployment taxesGovernment buildings, facilities, and propertyGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsHealth programs administration and fundingHealth promotion and preventive careIncome tax creditsPublic contracts and procurementPuerto RicoSmall businessSmall Business AdministrationSocial security and elderly assistanceTax treatment of familiesU.S. territories and protectorates
A bill to support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.
USA115th CongressS-3256| Senate
| Updated: 7/24/2018
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Orrin G. Hatch
Republican Senator
Utah
Cosponsors (1)
Finance Committee
Commerce
Related Bills
- HR 115-2056: Microloan Modernization Act of 2017
- HR 115-5975: To support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.
- S 115-154: Small Business Relief From Disease Induced Economic Hardship Act of 2017
- S 115-526: Microloan Modernization Act of 2018
- S 115-484: U.S. Territories Investor Protection Act of 2017
- HR 115-1366: U.S. Territories Investor Protection Act of 2017
- S 115-2873: A bill to support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
AppropriationsBusiness investment and capitalCaribbean areaCensus and government statisticsCongressional oversightDepartment of CommerceDisaster relief and insuranceEconomic developmentEmployment taxesGovernment buildings, facilities, and propertyGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsHealth programs administration and fundingHealth promotion and preventive careIncome tax creditsPublic contracts and procurementPuerto RicoSmall businessSmall Business AdministrationSocial security and elderly assistanceTax treatment of familiesU.S. territories and protectorates