24(c)) and inserting section 36C(c)) . (7) Section 6211(b)(4)(A) of such Code is amended— (A) by striking 24(d), , and (B) by inserting 36C(a), after 36B, . (8) Section 6213(g)(2) of such Code is amended— (A) in subparagraph (I), by striking section 24(e) and inserting section 36C(f) , and (B) in subparagraph (L), by striking 24, or 32 and inserting 32, or 36C . (9) Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting 36C(a), after 36B, . (e) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2019. 3. Payments to possessions (a) Mirror code possession The Secretary of the Treasury shall pay to each possession of the United States with a mirror code tax system amounts equal to the loss to that possession by reason of the application of section 36C of the Internal Revenue Code of 1986 (as added by section 2) with respect to taxable years beginning after 2019. Such amounts shall be determined by the Secretary of the Treasury based on information provided by the government of the respective possession. (b) Other possessions The Secretary of the Treasury shall pay to each possession of the United States which does not have a mirror code tax system amounts estimated by the Secretary of the Treasury as being equal to the aggregate benefits that would have been provided to residents of such possession by reason of the application of section 36C of such Code (as so added) for taxable years beginning after 2019 if a mirror code tax system had been in effect in such possession. The preceding sentence shall not apply with respect to any possession of the United States unless such possession has a plan, which has been approved by the Secretary of the Treasury, under which such possession will promptly distribute such payments to the residents of such possession. (c) Coordination with credit allowed against United States income taxes No credit shall be allowed against United States income taxes for any taxable year under section 36C