Tax Equity and Prosperity for Puerto Rican Families Act of 2015

Hozzl · 2023-01-11T13:32:28Z

Explore the details of House Bill 4213 Tax Equity and Prosperity for Puerto Rican Families Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/11/2023, 1:32 PM

Congressional Summary of HR 4213

Tax Equity and Prosperity for Puerto Rican Families Act of 2015

This bill amends the Internal Revenue Code to make citizens of Puerto Rico eligible for the federal earned income tax credit and allow them to claim the refundable portion of the child tax credit on the same basis as U.S. taxpayers. In making the earned income tax credit applicable to Puerto Rican citizens, the bill modifies credit requirements to allow taxpayers in Puerto Rico to claim the credit at age 21 (rather than age 25) and to allow a credit percentage of 40, without regard to the number of qualifying children claimed by the taxpayer.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 4213

Bill HR 4213 is currently in the status of Bill Introduced since December 10, 2015. Bill HR 4213 was introduced during Congress 114 and was introduced to the House on December 10, 2015. Bill HR 4213's most recent activity was Referred to the House Committee on Ways and Means. as of December 10, 2015

Bipartisan Support of Bill HR 4213

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4213

Primary Policy Focus

Taxation

Potential Impact Areas

- Caribbean area

- Income tax credits

- Poverty and welfare assistance

- Puerto Rico

- Tax treatment of families

- U.S. territories and protectorates

- Wages and earnings

Alternate Title(s) of Bill HR 4213

Tax Equity and Prosperity for Puerto Rican Families Act of 2015

To amend the Internal Revenue Code of 1986 to make residents of Puerto Rico eligible for the earned income tax credit and to provide for equitable treatment for residents of Puerto Rico with respect to the refundable portion of the child tax credit.

Tax Equity and Prosperity for Puerto Rican Families Act of 2015