Para añadir un inciso (ii) al Artículo 7.092 de la Ley107-2020, según enmendada, conocida como el "Código Municipal de Puerto Rico" con el fin de eximir del pago de contribución sobre propiedad mueble los medicamentos recetados; y para otros fines relacionados.

2025-2028 Session

Exempts prescription medications from the municipal property tax on movable property for pharmacies, hospitals, and related holders.

Ley 78-2025

Summary — PC 500 (Ley 78-2025)

Title (Spanish): 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 los medicamentos recetados; y para otros fines relacionados.

Status: Enacted — Ley 78-2025 (became law 27 July 2025)

Purpose

The law adds a new subparagraph (ii) to Article 7.092 of Puerto Rico’s Municipal Code (Law 107‑2020) to create an exemption from the municipal property tax on movable/tangible personal property for prescription medications ("medicamentos recetados"). The intent is to remove municipal property-tax liability on prescription drug inventories.

Key provisions

Amends Article 7.092 of Law 107‑2020 by inserting an inciso (ii) that exempts prescription medications from the contribución sobre propiedad mueble (municipal tax on movable property).

Applies to items classified as prescription medications under the scope of the amendment (the bill text itself would establish the operative language; definitions/criteria are those contained in the enacted amendment).

Requires municipal tax authorities to exclude qualifying prescription drug inventory from taxable movable property valuations and assessments going forward, subject to the effective date of the law.

Who is affected

Beneficiaries: Pharmacies, hospitals, clinics, distributors, and other holders of prescription drug inventories — they will not be liable for municipal movable property tax on those stocks.

Indirect beneficiaries: Patients may see reduced operating costs for pharmacies and health providers, potentially affecting prices or service availability.

Municipal governments: Local treasuries will lose part of the municipal property-tax base tied to businesses’ prescription inventory and may see reduced revenues from this tax category.

Fiscal and administrative impact

Revenue impact: The exemption reduces municipal tax collections derived from tangible personal property inventories of prescription medicines. The summary provided does not include official fiscal estimates; municipalities and central government budget offices would need to quantify revenue effects.

Administrative changes: Municipal tax offices must update assessment rolls, exemption procedures, and forms; guidance will be needed to define qualifying products and document compliance.

Legislative timeline / procedural history (selected)

2025-04-04: Bill filed (radicado).

2025-04-07: Approved by House (final approval); sent to Senate.

2025-04-10: Senate first reading; referred to committees.

2025-06-25: Senate approved with amendments.

2025-06-30: Conference committee report approved by both chambers; enrolled.

2025-07-16: Enviado a la Gobernadora.

2025-07-27: Became law as Ley 78‑2025.

Note: The provided materials do not include the full statutory text of the inserted inciso (ii) or an explicit effective date beyond enactment. For precise operational details (definitions of "medicamentos recetados," implementation rules, and fiscal estimates), consult the enacted law text and any implementing regulations or fiscal analyses issued by the Department of Treasury or municipal finance offices.