Para eliminar el apartado (f) de la Sección 6020.10 y el apartado (d) de la Sección 6070.66 de la Ley 60 – 2019, según enmendada, mejor conocida como el “Código de Incentivos de Puerto Rico”, a los fines de disponer que los informes de cumplimiento sean radicados ante el Departamento de Desarrollo Económico y Comercio en lugar del Departamento de Hacienda; y para otros fines relacionados.

2025-2028 Session

The bill shifts where incentive compliance reports are filed from Hacienda to the Department of Economic Development and Commerce (DDEC).

Referido a Comisión(es)

Summary of PS 1249 (Session 2025-2028, Puerto Rico)

Purpose and intent

PS 1249 seeks to amend specific sections of the Puerto Rico “Código de Incentivos” (Law 60-2019, as amended).

The core objective is to modify the filing location for compliance reports, requiring that such reports be submitted to the Department of Economic Development and Commerce (DDEC) instead of the Department of Treasury (Departamento de Hacienda).

The bill is aimed at streamlining oversight and alignment of incentive program compliance with the agency responsible for economic development and investment incentives.

Key provisions and changes

Elimination of references to the following existing subsections:

apartado (f) de la Sección 6020.10
apartado (d) de la Sección 6070.66

Replacement effect: Compliance reports currently filed with Hacienda would be required to be filed with the Department of Economic Development and Commerce (DDEC).

The bill does not specify new reporting content changes beyond the shift in the filing agency, based on the information provided. It focuses on administrative realignment rather than substantive changes to incentive requirements themselves.

Who is affected

Incentive recipients and entities subject to Law 60-2019 reporting requirements (the Puerto Rico Incentives Code).

Administrative units within the government, notably Hacienda (Treasury) and DDEC, which would assume responsibilities for receiving and processing compliance reports.

Potentially, auditors, program administrators, and anyone involved in the submission and review of incentive compliance documentation.

Procedural and timeline aspects

Status: Radicado (filed) as of May 11, 2026.

Action indicates the bill has been introduced and is undergoing consideration within the legislative process. The bill’s text would specify effective dates, transitional rules, and any guidance on how existing filings are to be migrated to DDEC, but such details are not provided in the summary available here.

Typical legislative steps would include committee review, possible public hearings, amendments, and votes in the chamber(s) before potential enactment.

Potential impact and considerations

Administrative efficiency: Centralizing compliance reporting with DDEC could improve coordination of incentive programs with economic development policy.

Compliance risk: Recipients and their advisors will need to adjust filing procedures and ensure submissions are directed to DDEC by any specified deadline.

Interagency coordination: Clear guidance will be required to delineate how existing reports and records held by Hacienda are transferred or referenced in DDEC’s system.

Implementation timeline: A future regulation or transitional provisions may be issued to address the shift, including any deadlines for ongoing filings and retroactive submissions.

If you’d like, I can provide a comparison with current practice under Law 60-2019, or draft a plain-language Q&A for stakeholders (businesses, accountants, and legal counsel) explaining how to prepare for the reporting realignment.