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PC 574

Para enmendar los incisos (b) (1) y (b) (4) de la Sección 2100.01 de la Ley Núm. 60-2019, según enmendada, conocida como “Código de Incentivos de Puerto Rico” a los fines de extender la exención contributiva a empresas de jóvenes empresarios sobre ingresos en el primer millón de dólares de su ingreso neto sujeto a contribución; disponer que cualquier ingreso neto que generen dichos negocios nuevos en exceso de un millón de dólares, estará sujeto a las tasas ordinarias establecidas en el Código de Rentas Internas de Puerto Rico; extender el período de disfrute de la exención contributiva a negocios nuevos de jóvenes empresarios a un período de cinco (5) años desde la fecha de comienzo de operaciones, según establecido en el Decreto de exención contributiva; y para otros fines relacionados.

2025-2028 Session

Overview: Bill PC 574 seeks to amend the "Puerto Rico Incentives Code" to extend the tax exemption for young entrepreneurs' businesses on the first $1 million of net income and the

Referido a Comisión(es)
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Bill Summary · PC 574

Overview: Bill PC 574 seeks to amend the "Puerto Rico Incentives Code" to extend the tax exemption for young entrepreneurs' businesses on the first $1 million of net income and the duration of the tax exemption period from 3 to 5 years.

Purpose and Intent: The bill aims to provide additional support and incentives for young entrepreneurs in Puerto Rico, encouraging the establishment and growth of new businesses.

Key Provisions:
- Amends Sections 2100.01(b)(1) and 2100.01(b)(4) of Law No. 60-2019, the "Puerto Rico Incentives Code"
- Extends the tax exemption for young entrepreneurs' businesses on the first $1 million of net income
- Extends the duration of the tax exemption period for young entrepreneurs' businesses from 3 to 5 years

Affected Parties and Impacts: This bill would directly benefit young entrepreneurs and new businesses in Puerto Rico by providing more favorable tax treatment and a longer period of tax exemption, potentially encouraging entrepreneurship and economic development.

Procedural and Timeline Considerations: The bill has been referred to committee(s) for further consideration. If passed, the expanded tax exemptions would apply to eligible businesses going forward.

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

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