What This Bill Does · Plain English
GovGreed Synthesis · AI extraction
This bill amends the Internal Revenue Code to make the refundable portion of the Child Tax Credit (CTC) available to residents of Puerto Rico. Currently, many families in Puerto Rico are ineligible for the refundable credit because they do not pay certain federal income taxes. The bill changes the calculation for the refundable portion to be based on a broader definition of 'Social Security taxes,' effectively lowering the earnings threshold for eligibility and increasing the credit amount for qualifying families in Puerto Rico.
Action Timeline
2025-02-27
Referred to the House Committee on Ways and Means.
2025-02-27
Introduced in House
2025-02-27
Introduced in House
Frequently Asked Questions
Did HR.1697 pass?
HR.1697 is still alive. Current stage: COMMITTEE. Pass likelihood: 38%.
What does HR.1697 do?
This bill amends the Internal Revenue Code to make the refundable portion of the Child Tax Credit (CTC) available to residents of Puerto Rico. Currently, many families in Puerto Rico are ineligible for the refundable credit because they do not pay certain federal income taxes. The bill changes the calculation for the refundable portion to be based on a broader definition of 'Social Security taxes,' effectively lowering the earnings threshold for eligibility and increasing the credit amount for qualifying families in Puerto Rico.
Who sponsored HR.1697?
HR.1697 was sponsored by Pablo Jose Hernández (D-Puerto Rico).
Full Bill Text
119 HR 1697 IH: Child Tax Credit Relief for Puerto Rican Families Act U.S. House of Representatives 2025-02-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 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. 1. Short title This Act may be cited as the Child Tax Credit Relief for Puerto Rican Families Act . 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. 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.
Loading intelligence layer…