A bill to support businesses in Puerto Rico, extend child tax credits for families in Puerto Rico, and for other purposes.
Puerto Rico Economic Empowerment Act of 2018
This bill provides for various support for Puerto Rico, including by (1) establishing tax benefits for Puerto Rico, such as a tax credit for employment payroll taxes and an expansion of the child tax credit; (2) relaxing certain requirements related to Small Business Administration loan programs for certain Puerto Rico businesses; (3) prioritizing the transfer of surplus U.S. government property to qualified Puerto Rico businesses; and (4) establishing the Federal and State Technology Partnership Program in Puerto Rico.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 194.
Held at the desk.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452.
Read twice and referred to the Committee on Finance.
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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