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PS 182

Para enmendar la Sección 1.052.02 de la Ley 1-2011, según enmendada, conocida como "Código de Rentas Internas de Puerto Rico de 2011", a los fines de aumentar los parámetros utilizados para computar la otorgación del crédito Para Personas mayores de sesenta y cinco (65) años o más, de quince mil (15,000) a veinticinco mil (25,000) dólares para contribuyentes individuos, y de treinta mil (30,000) a cincuenta mil (50,000) dólares para contribuyentes casados; y para otros fines relacionados.

2025-2028 Session

Increases senior tax credits: individuals 65+ can claim up to $25,000 and married filers up to $50,000 under the Para Personas mayores de sesenta y cinco años o más provision.

Comisión no recomienda aprobación de la medida
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Bill Summary · PS 182

Summary of Senate Bill PS 182

A bill to amend the Puerto Rico Internal Revenue Code of 2011 (Law 1-2011), Section 1.052.02, to increase the senior tax credit for individuals 65 or older.

Purpose and intent

  • Purpose: To increase the parameters used to compute the tax credit available to seniors under the “Para Personas mayores de sesenta y cinco años o más” provision.
  • Specific change: Raise the credit amount thresholds as follows:
    • Individual taxpayers: from $15,000 to $25,000.
    • Married taxpayers: from $30,000 to $50,000.
  • Rationale: Intended to provide greater financial support for seniors by expanding eligibility/credit amounts.

Key provisions

  • Legislative target: Amendment to Section 1.052.02 of Law 1-2011, as amended (the Puerto Rico Internal Revenue Code of 2011).
  • Applicant scope: Taxpayers age 65 or older; applies to both individual and married filers as specified.
  • Credits: Increase in the maximum credit amounts (individuals $25,000; married $50,000) under the senior credit provision.
  • Additional provisions: The bill states “and for other related purposes,” indicating potential ancillary changes linked to the credit (not detailed in the available text).

Affected parties and impact

  • Affected taxpayers:
    • Individuals aged 65+ in Puerto Rico.
    • Married couples where both spouses are 65+ (or where the filing status triggers the senior credit).
  • Potential fiscal impact:
    • Increases in tax credits would reduce net revenue to the Puerto Rico treasury unless offset by other measures.
    • Administrative considerations for tax administration and compliance could arise, depending on how the credit interacts with other credits and thresholds.

Procedural and timeline highlights

  • Introduced: January 8, 2025.
  • First Reading: January 16, 2025.
  • Referral to committee: January 16, 2025.
  • Public Hearing: July 17, 2025 (Salón Luis A. Negrón López).
  • Legislative action: October 7, 2025 — Comisión no recomienda aprobación de la medida (the committee did not recommend approving the bill).
  • Status: The bill is not recommended for approval by the committee as of the latest action.

Current status and next steps

  • Status: Not recommended for approval by the relevant Senate committee. If no further action is taken or if alternate measures are pursued, the bill would be unlikely to advance to enactment.
  • Next steps (if pursued): The Legislature could revise and refile the bill, take up alternative versions, or move on to other tax policy changes without this proposal.

Notes: The summary reflects information provided about PS 182 and its legislative trajectory through October 2025.

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

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