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Child Tax Credit Relief for Puerto Rican Families Act

H.R. 1697 · 119th Congress · Feb 27, 2025 · Lineage

A BILL

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.

Section 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— Section 24(d)(1) of the Internal Revenue Code of 1986 is amended by inserting “or section 933” after “section 112”.
(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

(a)
In general— Section 24(k)(2)(B) of the Internal Revenue Code of 1986 is amended by striking “and” 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:

“(iii) subsection (d)(2)(A) shall be applied—

“(I) in clause (i), by inserting “twice” before “the amount”, and

“(II) by striking “50 percent of” each place it appears.”

(b)
Effective date— The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2024.