A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.
USA116th CongressS-3883| Senate
| Updated: 6/3/2020
Robert Menendez
Democratic Senator
New Jersey
Cosponsors (5)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill directs the Department of the Treasury to make payments to Puerto Rico for expenditures by its taxpayer relating to the earned income tax credit (EITC). The bill also requires payments to U.S. possessions with mirror code tax systems (i.e., the Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands) for a specified percentage of the cost of the EITC in calendar years 2020-2024.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Administrative remediesCaribbean areaGovernment information and archivesGuamIncome tax creditsInflation and pricesNorthern Mariana IslandsPoverty and welfare assistancePuerto RicoState and local taxationTax administration and collection, taxpayersU.S. territories and protectoratesVirgin IslandsWages and earnings
A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.
USA116th CongressS-3883| Senate
| Updated: 6/3/2020
This bill directs the Department of the Treasury to make payments to Puerto Rico for expenditures by its taxpayer relating to the earned income tax credit (EITC). The bill also requires payments to U.S. possessions with mirror code tax systems (i.e., the Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands) for a specified percentage of the cost of the EITC in calendar years 2020-2024.
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.
Robert Menendez
Democratic Senator
New Jersey
Cosponsors (5)
Finance Committee
Taxation
Related Bills
- HR 116-6379: Workforce Emergency Response Act of 2020
- HR 116-6800: The Heroes Act
- HR 116-3307: To amend the Internal Revenue Code of 1986 to provide for payments to possessions of the United States related to the application of the earned income tax credit in such possessions.
- HR 116-5687: Emergency Supplemental Appropriations for Disaster Relief and Puerto Rico Disaster Tax Relief Act, 2020
- HR 116-3300: Economic Mobility Act of 2019
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative remediesCaribbean areaGovernment information and archivesGuamIncome tax creditsInflation and pricesNorthern Mariana IslandsPoverty and welfare assistancePuerto RicoState and local taxationTax administration and collection, taxpayersU.S. territories and protectoratesVirgin IslandsWages and earnings