Introduced in House — H.R. 1697

119th CONGRESS

1st Session

H. R. 1697

IN THE HOUSE OF REPRESENTATIVES

February 27, 2025

Mr. Hernández 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 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.