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PC 169

Para añadir un nuevo inciso (d) a la Sección 4030.09 de la Ley 1-2011, según enmendada, conocida como “Código de Rentas Internas para un Nuevo Puerto Rico”; añadir un sexto párrafo al inciso (C) del Artículo 4 de la Ley 203-2007, según enmendada, conocida como “Carta de Derechos del Veterano Puertorriqueño del Siglo XXI”, a los fines de otorgar a los veteranos no residentes en Puerto Rico que interesen establecer o reestablecer su residencia en Puerto Rico, una exención sobre las partidas tributables que constituyen mudanza; y para otros fines relacionados.

2025-2028 Session

Puerto Rico bill exempts non-resident veterans' moving expenses from taxation to incentivize relocation to the island, amending tax code and veterans' rights law.

Referido a Comisión(es)
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WeVote Research Nonpartisan
Bill Summary · PC 169

Legislative bill overview

Bill PC 169 proposes adding a tax exemption for non-resident veterans who relocate to Puerto Rico by exempting moving-related expenses from taxable income under Puerto Rico's Internal Revenue Code. The bill also amends the 21st Century Puerto Rican Veterans' Bill of Rights to formalize this exemption. This targets veterans currently living outside Puerto Rico who wish to establish or re-establish residency on the island.

Why is this important

Veterans' relocation costs can be substantial, and this exemption could incentivize military veterans to move to Puerto Rico, potentially supporting the island's population and economic base during a period of demographic decline. The measure aligns with existing Act 60 incentives (formerly Acts 20/22) that offer tax benefits to attract residents, but specifically targets a demographic valued for their service.

Potential points of contention

  • Revenue impact: The tax exemption reduces government income from a specific population segment; the fiscal cost to Puerto Rico's treasury is not quantified in the bill summary
  • Scope ambiguity: "Moving-related expenses" lacks precise definition—unclear whether this includes housing purchases, temporary lodging, vehicle transport, or only logistics costs
  • Equity concerns: Benefits apply only to veterans; other Puerto Ricans relocating domestically or internationally receive no comparable exemption, raising fairness questions about selective tax treatment

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

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