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PS 9

Para enmendar las Secciones 1021.01, 1033.15 y 1033.19 de la Ley Núm. 1-2011, según enmendada, conocida como “Código de Rentas Internas para un Nuevo Puerto Rico”, con el fin de incorporar un ajuste por inflación a las escalas contributivas de individuos, ciertas deducciones y exenciones y para crear el Incentivo por Ajuste de Costo de Vida; y para otros fines relacionados.

2025-2028 Session

Bill PS 9 adjusts Puerto Rico income tax brackets and deductions for inflation while creating a new cost-of-living incentive, reducing immediate tax burden but with unclear effects on government revenue.

Devuelto a la Comisión(es)
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WeVote Research Nonpartisan
Bill Summary · PS 9

Legislative bill overview

Bill PS 9 proposes amendments to Puerto Rico's Internal Revenue Code to implement inflation adjustments to individual tax brackets, certain deductions, and exemptions. It also creates a new "Cost of Living Adjustment Incentive" to address economic pressures on taxpayers.

Why is this important

Inflation adjustments to tax brackets prevent "bracket creep," where taxpayers move into higher tax brackets due to inflation rather than real income increases, effectively raising their tax burden without legislative action. This directly affects household finances across Puerto Rico's income spectrum and the government's revenue collection.

Potential points of contention

  • Revenue impact: Inflation adjustments reduce government tax revenue; unclear how this affects funding for public services, especially given Puerto Rico's fiscal oversight requirements
  • Scope of the new incentive: Details about the "Cost of Living Adjustment Incentive" are vague—it's unclear which taxpayers qualify, what the benefit level is, and whether it duplicates existing relief mechanisms
  • Inflation measurement: The bill doesn't specify which inflation index will be used (CPI, local inflation rates, etc.) or how frequently adjustments will occur, creating implementation uncertainty

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

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