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PS 154

Para enmendar el Artículo 7 de la Ley Núm. 135-2014, según enmendada, conocida como “Ley de Incentivos y Financiamiento para Jóvenes Empresarios”, a los fines de establecer un término que no exceda de sesenta (60) días para que la Compañía de Comercio y Exportación atienda y certifique al Programa de Desarrollo de la Juventud y al Banco de Desarrollo Económico de PR, los negocios nuevos para que le apliquen los beneficios contributivos, y para otros fines relacionados.

2025-2028 Session

Overview: Bill PS 154 seeks to amend the "Law of Incentives and Financing for Young Entrepreneurs" to establish a 60-day deadline for the Commerce and Export Company to attend to a

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Bill Summary · PS 154

Overview: Bill PS 154 seeks to amend the "Law of Incentives and Financing for Young Entrepreneurs" to establish a 60-day deadline for the Commerce and Export Company to attend to and certify new businesses for the Youth Development Program and the Economic Development Bank of Puerto Rico to apply tax benefits.

Purpose and Intent: The bill aims to streamline the process of certifying new businesses for tax incentives under the Young Entrepreneurs program, ensuring timely access to these benefits.

Key Provisions:
- Amends Article 7 of Law No. 135-2014, the "Law of Incentives and Financing for Young Entrepreneurs"
- Establishes a maximum 60-day period for the Commerce and Export Company to attend to and certify new businesses for the Youth Development Program and the Economic Development Bank of Puerto Rico
- Allows these certified businesses to promptly apply the tax benefits provided under the law

Affected Parties and Impacts: This bill would directly benefit young entrepreneurs and new businesses by streamlining the certification process and ensuring timely access to the tax incentives available through the Young Entrepreneurs program.

Procedural and Timeline Considerations: The bill has been referred to committee(s) for further consideration. If passed, the 60-day certification deadline would take effect immediately.

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

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