,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #dcji  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ah1 #bjae   
,mr4 ,sablan 7= himself1 ,mr4 ,pi]luisi1
 ,mrs4 ,radewag51 & ,ms4 ,bordallo7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to reimburse ea*          
possession ( ! ,unit$ ,/ates = ! co/ ( !
 e>n$ income tax cr$it4  #a4            
,reimbursem5t ( possessions = co/ ( e>n$
 income tax cr$it  7a7 ,9 g5]al ,section
 #cb ( ! ,int]nal ,rev5ue ,code ( #aihf 
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7n7 ,treatm5t ( possessions
  7#a7 ,paym5ts to possessions  7,a7    
,mirror code possession ,! ,secret>y ( !
 ,treasury %all p]iodically 7b n less   
frequ5tly ?an annually7 pay to ea*      
possession ( ! ,unit$ ,/ates ) a mirror 
code tax sy/em am\nts equal to ! loss to
 t possession by reason ( ! application 
( ?is section 7det]m9$ )\t reg>d to     
p>agraph 7#b77 ) respect to taxable ye>s

 beg9n+ aft] ,decemb] #ca1 #bjae4 ,su*  
am\nts %all be det]m9$ by ! ,secret>y ( 
! ,treasury bas$ on in=mation provid$ by
 ! gov]nm5t ( ! respective possession4  
7,b7 ,o!r possessions ,! ,secret>y ( !  
,treasury %all p]iodically 7b no less   
frequ5tly ?an annually7 pay to ea*      
possession ( ! ,unit$ ,/ates :i* does n 
h a mirror code tax sy/em am\nts e/imat$
 by ! ,secret>y ( ! ,treasury z be+     
equal to ! aggregate b5efits t w\ld h   
be5 provid$ to resid5ts ( su* possession
 by reason ( ! application ( ?is section
 = taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjae1 if a mirror code tax sy/em  
_h be5 9 effect 9 su* possession4 ,!    
prec$+ s5t5ce %all n apply ) respect to 
any possession ( ! ,unit$ ,/ates unless 
su* possession has a plan1 :i* has be5  
approv$ by ! ,secret>y ( ! ,treasury1 "u
 :i* su* possession w promptly di/ribute
 su* paym5ts to ! resid5ts ( su*        
possession4  7#b7 ,coord9ation ) cr$it  
all[$ aga9/ ,unit$ ,/ates income taxes  
,no cr$it %all be all[$ "u ?is section =

 any taxable ye> to any p]son--  7,a7 to
 :om a cr$it is all[$ aga9/ taxes impos$
 by ! possession by reason ( ?is section
 7det]m9$ )\t reg>d to ?is p>agraph7 =  
su* taxable ye>1 or  7,b7 :o is eligible
 = a paym5t "u a plan describ$ 9        
p>agraph 7#a77;,b7 ) respect to su*     
taxable ye>4  7#c7 ,def9itions & special
 rules  7,a7 ,possession ( ! ,unit$     
,/ates ,= purposes ( ?is subsection1 !  
t]m possession ( ! ,unit$ ,/ates        
includes ! ,commonweal? ( ,pu]to ,rico &
 ! ,commonweal? ( ! ,nor!rn ,m>iana     
,isl&s4  7,b7 ,mirror code tax sy/em ,= 
purposes ( ?is subsection1 ! t]m mirror 
code tax sy/em means1 ) respect to any  
possession ( ! ,unit$ ,/ates1 ! income  
tax sy/em ( su* possession if ! income  
tax liability ( ! resid5ts ( su*        
possession "u su* sy/em is det]m9$ by   
ref]5ce to ! income tax laws ( ! ,unit$ 
,/ates z if su* possession 7 ! ,unit$   
,/ates1 & su* sy/em includes a tax cr$it
 sub/antially id5tical to ! cr$it all[$ 
"u ?is section4  7,c7 ,treatm5t (       

paym5ts ,= purposes ( section           
#acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates
 ,code1 or any simil> rule ( law1 any   
paym5t made "u ?is subsection %all be   
treat$ 9 ! same mann] z a refund due f !
 cr$it all[$ "u ?is section4  4  7b7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjae4