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HR 4026 118th Congress House Taxation

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…

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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.

Introduced: June 12, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2023
Referred to the House Committee on Ways and Means.
Jun 12, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now June 12, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Moylan, James C.
Guam · Jun 12, 2023
 D
Torres, Ritchie
New York · Jun 12, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4026: 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.. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4026/
MLA
"H.R. 4026: 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.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4026/.
Bluebook (legal)
H.R. 4026, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4026/.
Markdown link
[H.R. 4026: 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.](https://openamerica.io/bill/118-HR-4026/)
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