3.0.0 4026 2024-07-24T15:21:37Z 2024-07-24T15:21:37Z House H HR 2023-06-12 118 [Congressional Record Volume 169, Number 102 (Monday, June 12, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. GONZALEZ-COLON:H.R. 4026.Congress has the power to enact this legislation pursuantto the following:Art. I, Sec. 8, cl. 1 and 18 of the U.S. Constitution,which provide as follows: The Congress shall have Power Tolay and collect Taxes, Duties, Imposts and Excises, to paythe Debts and provide for the common Defence and generalWelfare of the United States; but all Duties, Imposts andExcises shall be uniform throughout the United States; [and]To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.The single subject of this legislation is:Taxes[Page H2810]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-06-12T16:05:30Z 2023-06-12 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-06-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-06-12 Introduced in House IntroReferral 1000 9 Library of Congress G000582 Rescom. González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR N T000486 Rep. Torres, Ritchie [D-NY-15] Ritchie Torres D NY 15 2023-06-12 True M001219 Del. Moylan, James C. [R-GU-At Large] James Moylan R GU C. 0 2023-06-12 True Taxation Taxation 2023-07-14T17:30:23Z 00 2023-06-12 Introduced in House 2023-10-16T16:12:09Z This bill extends the tax credit for expenditures to provide access to disabled individuals to U.S. possessions and makes such credit refundable for bona fide residents of Puerto Rico.

The bill permits Puerto Rican residents a refundable tax credit for 21% of amounts otherwise allowable as a tax deduction for expenditures to remove architectural and transportation barriers to the handicapped and elderly. It also requires payment to U.S. possessions for taxable years beginning after December 31, 2022, of an amount equal to the their losses due to the application of the credits and deductions by this bill.

]]> To amend the Internal Revenue Code of 1986 to allow certain credits and deductions to be taken as a refundable tax credit by Puerto Rico businesses or residents, and to extend such credits and deductions to possessions of the United States. Display Title 45 To amend the Internal Revenue Code of 1986 to allow certain credits and deductions to be taken as a refundable tax credit by Puerto Rico businesses or residents, and to extend such credits and deductions to possessions of the United States. 2024-07-24T15:21:37Z Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to allow certain credits and deductions to be taken as a refundable tax credit by Puerto Rico businesses or residents, and to extend such credits and deductions to possessions of the United States. 2024-03-18T20:59:00Z Introduced in House IH Introduced in House 2023-06-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4026ih/xml/BILLS-118hr4026ih.xml 2023-06-12 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.