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PS 985

Para añadir un inciso (4) al apartado (b) de la Sección 1051.01; añadir un inciso (3) al apartado (a) de la Sección 1061.09; enmendar el apartado (a) de la Sección 1061.15; enmendar el apartado (g) de la Sección 1062.03; añadir un inciso (1) al apartado (c) de la Sección 1083.01 y añadir un apartado (f) a la Sección 1083.02 de la Ley 1-2011, según enmendada, conocida como el “Código de Rentas Internas para un Nuevo Puerto Rico” a los fines de aclarar diversas disposiciones para fortalecer la administración del sistema tributario y facilitar el cumplimiento por parte de la ciudadanía y para otros fines relacionados.

2025-2028 Session

Bill PS 985 clarifies Puerto Rico's Internal Revenue Code provisions to strengthen tax administration and improve citizen compliance with tax obligations.

Referido a Comisión(es)
0
WeVote Research Nonpartisan
Bill Summary · PS 985

Legislative bill overview

Bill PS 985 modifies several sections of Puerto Rico's Internal Revenue Code (Law 1-2011) to clarify tax administration provisions and improve compliance procedures. The amendments target multiple sections governing tax obligations, deductions, and administrative processes without fundamentally restructuring the tax system.

Why is this important

Puerto Rico's tax system requires periodic clarification to reduce ambiguity between taxpayers and the tax authority, potentially lowering compliance costs and disputes. Clearer regulations can improve voluntary compliance rates and reduce administrative burden on both the government and citizens navigating tax obligations.

Potential points of contention

  • Scope of clarifications: The bill's language is vague about which specific provisions are being "clarified"—clarifications can sometimes inadvertently change substantive tax treatment, benefiting or burdening certain taxpayer groups
  • Administrative overreach concerns: Strengthening tax administration authority could expand enforcement powers without explicit parliamentary oversight of implementation details
  • Impact on business competitiveness: Depending on which sections are amended, changes could affect Puerto Rico's tax incentive programs or compliance costs for businesses and individuals, particularly affecting Act 20/22 beneficiaries and local enterprises

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

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