H.R. 1697
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to provide equitable treatment for residents of Puerto Rico with respect to the refundable portion of the child tax credit.
IN THE HOUSE OF REPRESENTATIVES · February 27, 2025 · Sponsor: Mr. Hernández · Committee: Committee on Ways and Means
Table of contents
SEC. 1. Short title
- This Act may be cited as the Child Tax Credit Relief for Puerto Rican Families Act.
SEC. 2. Equitable treatment for residents of Puerto Rico with respect to the refundable portion of the child tax credit
- (a) In general
- of the Internal Revenue Code of 1986 is amended by inserting after . Section 24(d)(1)
- (b) Effective date
- The amendment made by this section shall apply to taxable years beginning after December 31, 2024.
SEC. 3. Definition of Social Security taxes for purposes of calculating portion of credit refundable
- Definition of Social Security taxes for purposes of calculating portion of credit refundable
- (a) In general
- of the Internal Revenue Code of 1986 is amended by striking at the end of clause (i), by striking the period at the end of clause (ii) and inserting
, and, and by adding at the end the following new clause: Section 24(k)(2)(B)- (iii) subsection (d)(2)(A) shall be applied—
- in clause (i), by inserting before , and
- by striking each place it appears.
- of the Internal Revenue Code of 1986 is amended by striking at the end of clause (i), by striking the period at the end of clause (ii) and inserting
- (b) Effective date
- The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2024.