,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #dbac  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #aj1 #bjae   
,mr4 ,pascrell 7= himself1 ,mr4         
,pi]luisi1 ,mr4 ,rangel1 ,mr4 ,l>son (  
,connecticut1 & ,mr4 ,s]rano7 introduc$ 
! foll[+ bill2 :i* 0 ref]r$ to !        
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to make resid5ts ( ,pu]to ,rico   
eligible = ! e>n$ income tax cr$it & to 
provide = equitable treatm5t = resid5ts 
( ,pu]to ,rico ) respect to ! refundable
 portion ( ! *ild tax cr$it4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,tax    
,equity & ,prosp]ity = ,pu]to ,rican    
,families ,act ( #bjae4  #b4 ,pu]to     
,rico resid5ts eligible = e>n$ income   
tax cr$it  7a7 ,9 g5]al ,section #cb ( !
 ,int]nal ,rev5ue ,code ( #aihf 7relat+ 
to e>n$ income7 is am5d$ by add+ at !   
end ! foll[+ new subsection3  7n7       
,resid5ts ( ,pu]to ,rico  7#a7 ,9 g5]al 
,9 ! case ( resid5ts ( ,pu]to ,rico--   
7,a7 ! ,unit$ ,/ates %all be treat$ z   

includ+ ,pu]to ,rico = purposes (       
subsections 7c77#a77;,a77ii77,i7 &      
7c77#c77;,c71  7,b7 subsection          
7c77#a77;,d7 %all n apply to nonresid5t 
ali5 individuals :o are resid5ts (      
,pu]to ,rico1  7,c7 adju/$ gross income 
& gross income %all be comput$ )\t reg>d
 to section #icc = purposes (           
subsections 7a77#b77;,b7 &              
7c77#b77;,a77i71  7,d7 subsection       
7c77#a77;,a77ii77,,ii7 %all be appli$ by
 sub/itut+ age #ba = age #be1 &  7,e7   
not)/&+ subsection 7b7--  7i7 ! cr$it   
p]c5tage is #dj1  7ii7 ! phase\t        
p]c5tage is #ba4jf1  7iii7 ! e>n$ income
 am\nt is #h1hij1 &  7iv7 ! phase\t     
am\nt is #aa1faj 7increas$ by #c1jjj 9 !
 case ( a jo9t return74  7#b7 ,inflation
 adju/m5t ,subsection 7j7 %all apply to 
! doll> am\nts 9 subp>agraph 7,d71      
det]m9$ by treat+ ! #h1hij & #aa1faj    
am\nts z ?\gh su* am\nts 7 conta9$ 9    
subsection 7b77#b77;,a7 & by treat+ !   
#c1jjj am\nt z ?\gh su* am\nt 7 conta9$ 
9 subsection 7b77#b77;,b77iii74  4  7b7 

,*ild tax cr$it n r$uc$ ,subclause      
7,,ii7 ( section #bd7;d77#a77;,b77ii7 ( 
su* ,code 7relat+ to *ild tax cr$it7 is 
am5d$ by ins]t+ be=e ! p]iod 7det]m9$   
)\t reg>d to section #cb7n7 9 ! case (  
resid5ts ( ,pu]to ,rico74  7c7          
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjae4  #c4   
,equitable treatm5t = resid5ts ( ,pu]to 
,rico ) respect to ! refundable portion 
( ! *ild tax cr$it  7a7 ,9 g5]al        
,section #bd7;d77#a7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 or section #icc aft] section #aab4  7b7
 ,effective date ,! am5dm5t made by     
subsection 7a7 %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjae4