,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #daj  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #i1 #bjai,ms4 
,plaskett introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to provide        
reimbursem5t = possessions ( ! ,unit$   
,/ates ) respect to ! e>n$ income tax   
cr$it & ! *ild tax cr$it4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,t]ritorial ,economic ,gr[? & ,recov]y  
,act ( #bjai4  #b4 ,reimbursem5t (      
possessions = co/ ( e>n$ income tax     
cr$it  7a7 ,e>n$ income cr$it ,section  
#cb ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ 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 #bjah4 ,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 #bjah1 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 %all       
include su* possessions z are specifi$ 9
 section #icg7;a77#a7 ( ! ,int]nal      
,rev5ue ,code ( #aihf4  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 ,!     
am5dm5t made by ?is section %all apply )
 respect to taxable ye>s beg9n+ aft]    
,decemb] #ca1 #bjah4  #c4 ,reimbursem5t 
( possessions = co/ ( *ild tax cr$it    
7a7 ,*ild tax cr$it ,section #bd ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subsection3  7i7 ,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 #bjah4 ,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 #bjah1 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 %all       
include su* possessions z are specifi$ 9
 section #icg7;a77#a7 ( ! ,int]nal      
,rev5ue ,code ( #aihf4  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 ,!     
am5dm5t made by ?is section %all apply )
 respect to taxable ye>s beg9n+ aft]    
,decemb] #ca1 #bjah4