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PS 1035

Para reconocer al sector de los centros comerciales, como parte de la política de desarrollo económico y turístico, así como la promoción de inversión de Puerto Rico; enmendar el Artículo 3 de la Ley 17-2017, según enmendada, conocida como la “Ley para la Promoción de Puerto Rico; enmendar el Artículo 5 de la Ley Núm. 10 de 18 de junio de 1970, según enmendada, conocida como Ley de la Oficina de Turismo del Departamento de Desarrollo Económico y Comercio del Gobierno de Puerto Rico; enmendar los Artículos 3 y 5 de la Ley 13-2017, según enmendada y para otros fines relacionados.

2025-2028 Session

Puerto Rico bill formally recognizes shopping malls as economic development priority, amending tourism and investment promotion laws to integrate retail sector into official policy framework.

Referido a Comisión(es)
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WeVote Research Nonpartisan
Bill Summary · PS 1035

Legislative bill overview

Bill PS 1035 seeks to officially recognize Puerto Rico's shopping mall sector as part of the government's economic development and tourism policy framework. The bill amends three key laws: the 2017 Tourism Promotion Law, the 1970 Tourism Office Law, and the 2017 Law 13-2017, to integrate shopping centers into Puerto Rico's investment promotion and economic development strategy.

Why is this important

Shopping malls represent significant commercial infrastructure and employment in Puerto Rico, and formal legislative recognition could unlock targeted government incentives, marketing support, and tax benefits for this sector. This reflects an effort to coordinate public policy around retail and tourism as interconnected economic drivers, particularly relevant as Puerto Rico pursues economic recovery and investment attraction.

Potential points of contention

  • Specificity of benefits unclear: The bill does not specify what concrete incentives, tax breaks, or promotional resources shopping centers will receive, raising questions about fiscal impact and fairness to other retail sectors.
  • Tourism promotion vs. commercial subsidy: Critics may argue this represents preferential treatment for large commercial enterprises rather than broader economic development benefiting small businesses and local communities.
  • Implementation and oversight: The amendments lack clarity on which government agency will oversee mall sector promotion and how effectiveness will be measured.

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

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