Summary of Bill PC 979
Bill Number: PC 979
Title: Para enmendar las Secciones 4010.01 y 6080.15 de la Ley 1-2011, según enmendada conocida como “Código de Rentas Internas de Puerto Rico de 2011”; para enmendar el Artículo 4 de la Ley 182-1996, según enmendada, conocida como “Ley del Promotor de Espectáculos Públicos”; y para otros fines relacionados.
Status: Radicado
Introduced: November 17, 2025
Classification: Bill
Purpose and Intent
The primary purpose of Bill PC 979 is to amend specific sections of the Puerto Rico Internal Revenue Code (Law 1-2011) and the Public Show Promoter Law (Law 182-1996). The bill aims to update and refine the existing tax regulations and provisions related to public events and entertainment, ensuring they align with current economic and social conditions in Puerto Rico.
Key Provisions
Amendments to the Internal Revenue Code:
- Section 4010.01: This section will be revised to clarify tax obligations and benefits for individuals and businesses involved in public entertainment.
- Section 6080.15: Changes will be made to enhance tax incentives for promoters of public shows, potentially including adjustments to tax rates or eligibility criteria.
Amendment to the Public Show Promoter Law:
- Article 4 of Law 182-1996: This amendment will likely address the regulatory framework governing public show promoters, possibly streamlining the licensing process or updating compliance requirements.
Additional Provisions:
- The bill may include other related provisions aimed at improving the operational environment for public events and entertainment sectors in Puerto Rico.
Affected Parties
- Public Show Promoters: The bill is expected to directly impact promoters by providing clearer guidelines and potentially more favorable tax conditions.
- Event Organizers and Venues: Organizations involved in hosting public events may benefit from the proposed changes, which could lead to increased economic activity in the entertainment sector.
- General Public: Citizens attending public shows may experience a broader range of events and potentially lower ticket prices due to the economic incentives for promoters.
Procedural Aspects
- The bill was officially introduced and filed on November 17, 2025. As it is currently in the "Radicado" status, it will undergo further legislative processes, including committee reviews and potential amendments before it can be voted on by the legislature.
Conclusion
Bill PC 979 seeks to modernize and enhance the regulatory and tax framework for public entertainment in Puerto Rico. By amending existing laws, the bill aims to foster a more vibrant entertainment industry, benefiting promoters, event organizers, and the general public alike. Further legislative actions will determine the final form and impact of this bill.
