H.R. 3718House111th Congress (2009-2011)In Committee

To amend the Internal Revenue Code of 1986 to make residents of Puerto Rico eligible for the refundable portion of the child tax credit.

Introduced October 1, 2009

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Referred to the House Committee on Ways and Means.

October 1, 2009

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HouseIntro Referral

Introduced in House

October 1, 2009

HouseIntro Referral

Referred to the House Committee on Ways and Means.

October 1, 2009

Floor Debate

1 member

What members said about H.R. 3718 on the floor

1 Democrat
Edolphus Towns
Rep. Edolphus TownsD-NY-10 · Oct 14, 2009

Madam Speaker, I rise today in support of the observance of National Hispanic Heritage Month 2009. Since the birth of this country, Hispanics have played a tremendous role in the nation's social,…

Bill Text

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Introduced in HouseIssued October 1, 2009

I

111th CONGRESS

1st Session

H. R. 3718

IN THE HOUSE OF REPRESENTATIVES

October 1, 2009

Mr. Towns (for himself, Mr. Pierluisi, Mr. Mica, Mr. Young of Alaska, Mr. Serrano, Ms. Ros-Lehtinen, Mr. Mario Diaz-Balart of Florida, Mr. Pascrell, Ms. Wasserman Schultz, and Mr. Crowley) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to make residents of Puerto Rico eligible for the refundable portion of the child tax credit.

1.

Refundable child tax credit allowable to residents of Puerto Rico with less than 3 children

(a)

In General

Paragraph (1) of section 24(d) of the Internal Revenue Code of 1986 (relating to portion of credit refundable) is amended by inserting at the end the following new sentence: For purposes of this paragraph, taxable income shall be computed without regard to section 933..

(b)

Effective Date

The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2008.

(c)

Applicability

(1)

In general

Any credit allowable by reason of the amendment made by subsection (a) shall not exceed the applicable percentage of the amount of credit which would otherwise be allowable under section 24(d)(1) of the Internal Revenue Code of 1986 (without regard to this subsection).

(2)

Applicable percentage

The applicable percentage shall be determined as follows:

In the case of any taxableThe applicable
 year beginning in:percentage is:
200920
201040
201160
201280
2013 and thereafter100.