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PS 980

Para enmendar la Sección 3030.01 del Capítulo 3 de la Ley Núm. 60-2019, según enmendada, conocida como "Código de Incentivos de Puerto Rico", con el fin de añadir incentivos adicionales por colaboraciones universitarias en proyectos de investigación y desarrollo; establecer topes anuales basados en resultados; incorporar criterios de incrementalidad y requerimientos de monitoreo y evaluación de los proyectos beneficiarios; y para otros fines relacionados.

2025-2028 Session

Puerto Rico expands R&D tax incentives for university collaborations with performance-based caps, monitoring requirements, and incrementality standards to boost research investment.

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Bill Summary · PS 980

Legislative bill overview

Bill PS 980 amends Puerto Rico's 2019 Incentives Code to expand tax incentives for university collaborations in research and development projects. The bill introduces annual spending caps based on results, adds incrementality criteria, and establishes monitoring and evaluation requirements for beneficiary projects.

Why is this important

R&D investment is crucial for economic diversification and knowledge-economy development in Puerto Rico. This legislation aims to leverage university research capacity while ensuring fiscal responsibility through performance-based incentives and oversight mechanisms—potentially creating high-value jobs and intellectual property that benefits the island long-term.

Potential points of contention

  • Fiscal impact uncertainty: The bill establishes annual caps "based on results," but unclear metrics for determining actual costs to the treasury and whether caps adequately protect public finances given Puerto Rico's fiscal recovery obligations
  • University capacity concerns: Requires robust university participation in R&D without explicitly addressing whether institutions have sufficient infrastructure, personnel, and administrative capacity to manage increased projects
  • Incrementality definition: "Incrementality criteria" could be contested—difficult to prove whether research would not occur anyway, risking incentives for activities that would happen without public support

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

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