Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico Act of 2015

Hozzl · 2023-01-11T13:29:31Z

Explore the details of Senate Bill 2203 Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico 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, 1:29 PM

Congressional Summary of S 2203

Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico 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.

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Current Status of Bill S 2203

Bill S 2203 is currently in the status of Bill Introduced since October 22, 2015. Bill S 2203 was introduced during Congress 114 and was introduced to the Senate on October 22, 2015. Bill S 2203's most recent activity was Read twice and referred to the Committee on Finance. as of October 22, 2015

Bipartisan Support of Bill S 2203

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 S 2203

Primary Policy Focus

Taxation

Potential Impact Areas

- Caribbean area

- Income tax credits

- Income tax exclusion

- Poverty and welfare assistance

- Puerto Rico

- Tax treatment of families

- Wages and earnings

Alternate Title(s) of Bill S 2203

Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico Act of 2015

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

Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico Act of 2015