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PC 984

Para enmendar la Sección 6080 de la Ley Núm. 1-2011, según enmendada, conocida como Código de Rentas Internas para un Nuevo Puerto Rico” o “Código de Rentas Internas de Puerto Rico de 2011” y añadir una Sección 6080.17 que le ordene al Secretario de Hacienda de Puerto Rico a que certifique al (la) Gobernador(a) cuando los recaudos sean superiores y se autorice una enmienda a la resolución de presupuesto vigente para la reasignación de las partidas del presupuesto aprobado; para que asigne el cincuenta porciento (50%) de dichos recaudos a que se distribuya proporcionalmente entre los contribuyentes que tengan un ingreso reportado en el Departamento de Hacienda de más de veinticinco mil dólares ($25,000.00) hasta doscientos cincuenta mil dólares ($250,000.00); y para otros fines relacionados.

2025-2028 Session

Bill PC 984 ensures that when tax revenues exceed expectations, 50% of the surplus is returned to middle-income taxpayers earning $25,000 to $250,000.

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Bill Summary · PC 984

Summary of Bill PC 984

Bill Number: PC 984
Title: Para enmendar la Sección 6080 de la Ley Núm. 1-2011, según enmendada, conocida como Código de Rentas Internas para un Nuevo Puerto Rico

Purpose and Intent

Bill PC 984 aims to amend Section 6080 of the Puerto Rico Internal Revenue Code (Law No. 1-2011) to establish a mechanism for the distribution of surplus tax revenues. The intent is to ensure that when tax collections exceed expectations, a portion of these funds is returned to taxpayers, thereby providing financial relief to individuals within a specific income bracket.

Key Provisions

  • Certification Requirement: The bill mandates that the Secretary of the Treasury of Puerto Rico must certify to the Governor when tax revenues exceed the budgeted amounts.

  • Budget Amendment Authorization: Upon certification of surplus revenues, the Governor is authorized to amend the current budget resolution to reallocate funds.

  • Distribution of Surplus Revenues: The bill specifies that 50% of the surplus tax revenues will be distributed proportionally among taxpayers who report an income between $25,000 and $250,000.

  • Additional Provisions: The bill includes provisions for other related purposes, although these are not specified in detail.

Affected Parties

  • Taxpayers: Individuals with reported incomes between $25,000 and $250,000 will directly benefit from the distribution of surplus revenues.

  • Government Officials: The Secretary of the Treasury and the Governor will have new responsibilities regarding the certification and budget amendment processes.

Procedural Aspects

  • Introduced Date: The bill was introduced on November 18, 2025.

  • Current Status: The bill is currently in the "Radicado" (filed) stage, indicating it has been submitted for consideration but has not yet undergone further legislative action.

Conclusion

Bill PC 984 represents a legislative effort to provide financial relief to middle-income taxpayers in Puerto Rico by ensuring that surplus tax revenues are effectively redistributed. The bill's success will depend on its progression through the legislative process and subsequent implementation by the relevant government officials.

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

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