Insular Areas Tax Credit Act
Last action on Apr 12, 2005Referred to the House Committee on Ways and Means.
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Summary
Insular Areas Tax Credit Act - Amends the Internal Revenue Code to require the United States to pay an estimate of the portion of the applicable earned income and child tax credit to Guam and the Virgin Islands during the first three and one half months of calendar year 2006 and each calendar year thereafter. Provides for adjustments to and supplemental payments of such tax credit payments.
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