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PS 492

“Para añadir un inciso (ii) al Artículo 7.092 de la Ley 107-2020, según enmendada, conocida como el “Código Municipal de Puerto Rico” con el fin de eximir del pago de contribución sobre propiedad mueble las medicinas recetadas; y para otros fines relacionados.

2025-2028 Session

Puerto Rico bill exempts prescription medications from personal property tax to reduce healthcare costs, but municipal commissions recommend against approval citing potential revenue losses.

Comisión no recomienda aprobación de la medida
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Bill Summary · PS 492

Legislative bill overview

Bill PS 492 proposes to amend Puerto Rico's Municipal Code (Law 107-2020) by adding an exemption from personal property tax for prescription medications. The measure would eliminate the tax burden on medicines prescribed by healthcare providers across the island.

Why is this important

Prescription medications represent essential healthcare expenses for many Puerto Rican families, and property taxes on medicines increase their cost during an already financially constrained healthcare access situation. This exemption could reduce out-of-pocket expenses for patients managing chronic and acute conditions, potentially improving medication adherence and public health outcomes.

Potential points of contention

  • Revenue impact: Municipalities depend on property tax revenue; exempting medications could reduce local government funding for services, requiring alternative revenue sources or budget adjustments
  • Administrative complexity: Determining which items qualify as "prescribed medications" (versus over-the-counter drugs, supplements, or medical devices) may create compliance and enforcement challenges
  • Scope limitations: The bill may not address other medical expenses (equipment, treatments, procedures) that similarly burden patients, raising questions about fairness and comprehensive healthcare affordability

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

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