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PS 376

“Para añadir una nueva Sección 1052.05 a la Ley Núm. 1-2011, según enmendada, conocida como “Código de Rentas Internas para un Nuevo Puerto Rico”, a fin de establecer un crédito reembolsable para los contribuyentes que tengan dependientes con impedimentos físicos o mentales, o que padezcan de una condición de salud incapacitante, según enumerados.”

2025-2028 Session

PS 376 would create a refundable Puerto Rico tax credit for families with dependents who have disabilities or health incapacity, but Senate committee does not recommend approval.

Comisión no recomienda aprobación de la medida
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WeVote Research Nonpartisan
Bill Summary · PS 376

Summary of Puerto Rico Senate Bill PS 376

Overview

PS 376 proposes adding a new Section 1052.05 to Ley Núm. 1-2011, with the aim of establishing a refundable income tax credit for Puerto Rico taxpayers who have dependents with disabilities or health-incapacitating conditions (as enumerated by the bill).

  • Bill Number: PS 376
  • Title (explained): Creates a refundable credit for taxpayers with dependents who have physical/mental disabilities or who suffer from a health incapacity, as enumerated in the statute.
  • Status: In the Senate, the Committee does not recommend approval (as of the latest action).
  • Introduced: February 27, 2025
  • Classification: Bill

Purpose and Intent

The bill seeks to reduce the tax burden on families caring for dependents with disabilities or health-related incapacities by providing a refundable credit through the Puerto Rico Internal Revenue Code. A refundable credit means that eligible taxpayers can receive a refund even if their tax liability is zero, effectively providing direct financial support to qualifying households.

Key Provisions (as drafted in the bill)

  • Add a new Section 1052.05 to Ley Núm. 1-2011 (Código de Rentas Internas para un Nuevo Puerto Rico).
  • Establish a refundable tax credit for taxpayers with dependents who:
    • Have physical or mental disabilities, or
    • Suffer from a health incapacity, as enumerated by the statute.
  • The bill would define eligibility criteria, the scope of the credit, and how it interacts with existing credits and tax calculations (exact amounts and thresholds not provided in the available information).

Note: The specific details such as credit amount, qualifying dependents, income limits, documentation required, carryover provisions, and interaction with other tax credits are not included in the provided materials.

Eligibility and Definitions (as currently indicated)

  • Target population: Taxpayers who file under the Puerto Rico Internal Revenue Code and have dependents meeting the disability or health-incapacity criteria enumerated by the bill.
  • Dependents: Must meet the defined disability/incapacity criteria in the bill (definitions to be provided in the text).

Fiscal and Administrative Implications

  • Implementing a refundable credit would require administrative processes to verify disability/incapacity status and to process refunds where applicable.
  • The anticipated fiscal impact (cost to the treasury) is not specified in the available materials and would likely be a consideration for committees evaluating the bill.

Procedural Timeline and Current Status

  • February 27, 2025: Bill filed (Radicado).
  • March 6, 2025: Appears in First Reading in the Senate; referred to committees.
  • November 13, 2025: Committee does not recommend approval of the measure (status: “Comisión no recomienda aprobación de la medida”).

Potential Implications and Next Steps

  • If amended to address concerns (fiscal impact, eligibility clarity, administration), the bill could be reconsidered and moved through the committee process.
  • Next steps depend on sponsor strategy, committee feedback, and any legislative priorities for the session.

Bottom Line

PS 376 would create a new, refundable tax credit under the Puerto Rico Internal Revenue Code aimed at supporting families with dependents who have disabilities or health-related incapacities. As of the latest actions, the bill has not advanced past the committee stage, with the committee not recommending approval.

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

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