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PS 912

Para enmendar la Secciones 1010.01, 1021.01, 1021.02, 1021.06, 1022.07, 1031.02, 1033.18, 1078.02, 1081.01, 3030.03, 4030.05, 4030.17 y 6041.11, de la Ley Núm. 1-2011, según enmendada, conocida como “Código de Rentas Internas de Puerto Rico de 2011 con el fin de reducir la carga contributiva de los contribuyentes en Puerto Rico; y para otros fines relacionados.

2025-2028 Session

Bill PS 912 amends Puerto Rico's tax code across 12 sections to reduce taxpayer tax burden, with fiscal and distributional impacts dependent on unspecified amendment details.

Vista Pública: Salón Miguel Angel García Méndez
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WeVote Research Nonpartisan
Bill Summary · PS 912

Legislative bill overview

Bill PS 912 proposes amendments to multiple sections of Puerto Rico's Internal Revenue Code of 2011 with the stated goal of reducing the overall tax burden on Puerto Rican taxpayers. The bill modifies tax provisions across 12 different code sections, though the specific amendment details are not provided in the publicly available summary.

Why is this important

Tax policy directly affects household and business finances across Puerto Rico's economy. Changes to the Internal Revenue Code can influence government revenue, cost of living, business investment decisions, and the island's fiscal sustainability—particularly significant given Puerto Rico's ongoing economic recovery and previous debt crisis.

Potential points of contention

  • Fiscal impact unclear: Without knowing which specific tax rates, deductions, or credits are being reduced, the revenue loss to the government treasury cannot be assessed, raising questions about budget consequences
  • Equity distribution: Tax reduction bills often benefit certain income levels or business types disproportionately; without details, it's unclear if relief is broadly distributed or concentrated
  • Implementation timing: Multiple public hearings across January 2026 suggest ongoing debate over provisions, indicating stakeholder disagreement on scope or specific amendments

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

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