Puerto Rico: Legislation Introduced To Extend Earned Income Tax Credit To Commonwealth Residents

Following up on one of the Administration's legislative proposals to address Puerto Rico's fiscal crisis, on October 22, 2015, Senator Robert Menendez introduced a bill "The Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico Act of 2015" (S. 2203), to make residents of Puerto Rico eligible for the earned income tax credit.S. 2203 was co-sponsored by 8 other Democratic senators (Senators Gillibrand, Schumer, Blumenthal, Booker, Heinrich, Sanders, Warren and Murphy). The bill has been referred to the Senate Committee on Finance. This bill is related to a bill (H.R. 3552) previously introduced by Representative Pedro Pierluisi, which has been referred to the House Committee on Ways and Means.

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