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PC 857

Para enmendar el inciso (a) de la Sección 1022.03 de la Ley 1-2011, conocida como “Código de Rentas Internas Para un Nuevo Puerto Rico”, a los fines de eximir a las Juntas de Comunidades Especiales incorporadas en el Departamento de Estado de la Contribución Alternativa Mínima aplicable a Corporaciones; y para otros fines relacionados.”

2025-2028 Session

Overview: Bill PC 857 aims to amend Section 1022.03(a) of Law 1-2011, known as the "Internal Revenue Code for a New Puerto Rico", to exempt Special Community Boards incorporated in

Referido a Comisión(es)
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Bill Summary · PC 857

Overview: Bill PC 857 aims to amend Section 1022.03(a) of Law 1-2011, known as the "Internal Revenue Code for a New Puerto Rico", to exempt Special Community Boards incorporated in the Department of State from the Minimum Alternative Tax applicable to Corporations.

Purpose and Intent: The bill seeks to provide tax relief to Special Community Boards, which are non-profit organizations that manage and oversee the development of designated special communities in Puerto Rico. The goal is to alleviate the tax burden on these entities and allow them to allocate more resources towards community improvement and support programs.

Key Provisions:
- Exempts Special Community Boards from the Minimum Alternative Tax applicable to Corporations
- Maintains other tax obligations and requirements for these entities

Affected Parties and Impacts:
- Special Community Boards incorporated in the Department of State will benefit from the tax exemption
- Residents and communities served by these Special Community Boards may indirectly benefit from the increased resources available for community programs and initiatives

Procedural and Timeline Considerations:
The bill has been referred to the appropriate legislative committee(s) for further consideration and review. The next steps would involve committee hearings, potential amendments, and a vote by the full legislative body.

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

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