H.R. 7903 aims to modify the Internal Revenue Code of 1986 to allow certain credits to be paid to residents and entities in Puerto Rico. Specifically, it changes the tax code so that public entities, non-profit organizations, and electric cooperatives in Puerto Rico can receive elective...
Simple Explanation
This new rule wants to make sure people and groups in Puerto Rico can get some money back for special projects, just like in the rest of the U.S., even if their projects are mostly in places like Puerto Rico itself.