Section 1 Funding for administration of Puerto Rico earned income tax credit
Section 7530(a)(1) of the Internal Revenue Code of 1986 is amended by redesignating subparagraph (B) as subparagraph (C) and by inserting after subparagraph (A) the following new subparagraph:
“(B) in the case of calendar years 2021 through 2025, the lesser of—
“(i) the expenditures made by Puerto Rico during all such calendar years for administration of the earned income tax credit for taxable years beginning in or with such calendar years, or
“(ii) $4,182,117, plus”