A bill to amend the Internal Revenue Code of 1986 to make the earned income tax credit available to residents of possessions of the United States.
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This bill directs the Department of the Treasury to make payments to Puerto Rico for expenditures by its taxpayer relating to the earned income tax credit (EITC). The bill also requires payments to U.S. possessions with mirror code tax systems (i.e., the Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands) for a specified percentage of the cost of the EITC in calendar years 2020-2024.
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2020 · fourth_quarter · Small Business
Increased flexibility for the Paycheck Protection Programs loans Increased funding for small business loan programs H.R. 7777 Paycheck Protection Small Business Forgiveness Act H.R. 6697 Local Chamber, Tourism, and 501(c)(6) Protection Act H.R. 6886/H.R. 7001 Paycheck Protection Program Flexibility Act Implementation S. 3833 Paycheck Protection Program Extension Act H.R. 7216 Small Business Personal Protective Equipment (PPE) Tax Credit Act S. 3716 Main Street Enhancement and Safety Act H.R. 6821 Small Business Expense Protection Act H.R. 7011 Pandemic Risk Insurance Act S. 4317 SAFE TO WORK Act Health, Economic Assistance, Liability Protection, and Schools Act Easier PPP Loan forgiveness PPP tax deductibility Employee Retention Tax Credit Personal Protective Equipment for Small Businesses Liability Reform S. 4321, the Continuing Small Business Recovery and PPP Act H.R. 6494, Business Interruption Insurance Coverage Act S. 3883, PPP Extension Act Availability and cost of PPE
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
Client expense: $640,000 · Firm income: Not reported
Government targets: Centers For Disease Control & Prevention (CDC), Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Drug Enforcement Administration (DEA), Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Indian Health Service, Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Institutes of Health (NIH), Occupational Safety & Health Administration (OSHA), Office of Science & Technology Policy (OSTP), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Immigration & Customs Enforcement (ICE), Veterans Affairs, Dept of (VA), White House Office
| Democratic |
| NY |
| Richard Blumenthal | Democratic | CT |
| HR 3307 |
116th |
| Related bill |
| HR 3300 | 116th | Related bill |