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S. 3883

Referred to Committee

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 6/3/2020•116th Congress•Senate

Latest Action

Read twice and referred to the Committee on Finance.

6/3/2020 • Senate

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.

Introduced in Senate • 6/3/2020

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Topics & Subjects

Policy Area: Taxation
Administrative remediesCaribbean areaGovernment information and archivesGuamIncome tax creditsInflation and pricesNorthern Mariana IslandsPoverty and welfare assistancePuerto RicoState and local taxationTax administration and collection, taxpayersU.S. territories and protectoratesVirgin IslandsWages and earnings

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (6)

Party Breakdown

5
Democrats
0
Republicans
1
Independents

Sponsor

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Sen. Menendez, Robert [D-NJ]

Democrat • NJ

Sponsored 6/3/2020

Cosponsors (5)

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Sen. Sanders, Bernard [I-VT]

I-VT

Joined 6/3/2020