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PC 501

Para añadir la Sección 1023.26 a la Ley Núm. 1-2011, según enmendada, conocida como “Código de Rentas Internas de Puerto Rico de 2011” con el fin de establecer una contribución especial a ingresos de intereses, dividendos y ganancias de capital a largo plazo; y para otros fines relacionados.

2025-2028 Session

Puerto Rico proposes new special tax on investment income (interest, dividends, capital gains) to increase government revenue from financial activities.

Remitido a Comisión de Calendarios de la Cámara
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WeVote Research Nonpartisan
Bill Summary · PC 501

Legislative bill overview

Bill PC 501 proposes adding Section 1023.26 to Puerto Rico's Internal Revenue Code of 2011 to establish a special tax contribution on income from interest, dividends, and long-term capital gains. The measure aims to create an additional revenue stream through taxation of investment income categories that currently may benefit from preferential treatment under Puerto Rico's tax system.

Why is this important

This bill directly affects Puerto Rico's fiscal situation by targeting investment income, which is economically significant given the island's status as a financial hub and the prevalence of investment-related tax incentives. The new tax could impact both individual investors and businesses with investment portfolios, potentially generating government revenue while simultaneously affecting competitiveness of Puerto Rico's tax environment compared to the U.S. mainland and other jurisdictions.

Potential points of contention

  • Investment climate concerns: May discourage investment in Puerto Rico or prompt relocation of financial activities, potentially undermining Act 20/22 and other tax incentive programs designed to attract capital
  • Regressivity questions: Could disproportionately burden higher-income individuals and institutional investors, raising equity concerns about progressive taxation
  • Implementation ambiguity: The bill's specific tax rate, exemptions, and interaction with existing tax incentives are unclear from the title alone, creating uncertainty for stakeholders

Compiled from official sources — confirm details with the bill’s official record.

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