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    <number>7903</number>
    <updateDate>2025-05-27T14:15:48Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:15:48Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2024-04-09</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 170, Number 60 (Tuesday, April 9, 2024)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mrs. GONZALEZ-COLON:H.R. 7903.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 properfor carrying into Execution the foregoing Powers, and allother PowersThe single subject of this legislation is:Application of an Investment tax credit to residents andentities organized in a U.S. Territory.[Page H2252]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred To</name>
            <date>2024-04-09T16:00:50Z</date>
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      <item>
        <actionDate>2024-04-09</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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        <text>Introduced in House</text>
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        <actionDate>2024-04-09</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>G000582</bioguideId>
        <fullName>Rescom. González-Colón, Jenniffer [R-PR-At Large]</fullName>
        <firstName>Jenniffer</firstName>
        <lastName>González-Colón</lastName>
        <party>R</party>
        <state>PR</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>T000486</bioguideId>
        <fullName>Rep. Torres, Ritchie [D-NY-15]</fullName>
        <firstName>Ritchie</firstName>
        <lastName>Torres</lastName>
        <party>D</party>
        <state>NY</state>
        <district>15</district>
        <sponsorshipDate>2024-04-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001200</bioguideId>
        <fullName>Rep. Soto, Darren [D-FL-9]</fullName>
        <firstName>Darren</firstName>
        <lastName>Soto</lastName>
        <party>D</party>
        <state>FL</state>
        <district>9</district>
        <sponsorshipDate>2024-04-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Taxation</name>
        <updateDate>2024-04-19T18:43:57Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2024-04-09</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-07-05T18:45:19Z</updateDate>
        <cdata>
          <text>&lt;p&gt;This bill allows elective payments of specified tax credits to bona fide residents of and entities organized under the laws of the Commonwealth of Puerto Rico.&amp;nbsp;&lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to allow elective payment of applicable credits to bona fide residents of and entities organized under the laws of Puerto Rico.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>To amend the Internal Revenue Code of 1986 to allow elective payment of applicable credits to bona fide residents of and entities organized under the laws of Puerto Rico.</title>
        <updateDate>2024-06-11T15:46:27Z</updateDate>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Internal Revenue Code of 1986 to allow elective payment of applicable credits to bona fide residents of and entities organized under the laws of Puerto Rico.</title>
        <updateDate>2024-04-17T15:07:47Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
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    </titles>
    <textVersions>
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        <type>Introduced in House</type>
        <date>2024-04-09T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr7903ih/xml/BILLS-118hr7903ih.xml</url>
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    <latestAction>
      <actionDate>2024-04-09</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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