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Puerto Rico protesting $7.4 bil. scoring of D'Amato/Moynihan Sec. 30a tax credit bill.

This article was originally published in The Tan Sheet

Executive Summary

PUERTO RICO TAX CREDIT EXTENSION COULD BE HINDERED BY SCORING CONCERNS following the Congressional Joint Committee on Taxation's conclusion that legislation (S 906) introduced June 17 by Sens. Alfonse D'Amato (R-N.Y.) and Patrick Moynihan (D-N.Y.) would cost $7.4 bil. over the next 10 years. D'Amato and Moynihan were joined by Sens. John Chafee (R-R.I.), John Breaux (D-La.), Orrin Hatch (R-Utah) and Bob Graham (D-Fla.) in introducing the Puerto Rico Economic Activity Credit Improvement Act of 1997; all six senators are members of the Senate Finance Committee, which oversees tax legislation.
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