Senate Bill 3883
116th Congress(2019-2020)
A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.
Introduced
Introduced in Senate on Jun 3, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3883
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
This bill directs the Department of the Treasury to make payments to Puerto Rico for expenditures by its taxpayer relating to the earned income tax credit (EITC). The bill also requires payments to U.S. possessions with mirror code tax systems (i.e., the Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands) for a specified percentage of the cost of the EITC in calendar years 2020-2024.
June 3, 2020
Sort by most recent
06/03/2020
Read twice and referred to the Committee on Finance.
06/03/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:46:18 PM