Bill Title: Urges the United States Congress to take immediate action to clarify and amend the U.S. tax code to prevent the misuse of Puerto Rican tax incentives. Urges any amendments to the tax code to preserve the original intent of promoting economic growth in Puerto Rico while preventing potential misuse and addressing the negative economic impacts on the local population. Encourages collaboration between federal, state, and local governments, as well as with Puerto Rican authorities, to ensure that tax policies are fair, transparent, and effective. Recommends the implementation of educational campaigns to inform the public about the proper use of tax incentives and the potential consequences of misuse in Puerto Rico.

Spectrum: Partisan Bill (Democrat 18-0)

Status: (Introduced) 2023-11-07 - Added as Co-Sponsor Sen. Karina Villa [SR0551 Detail]

Text: Latest bill text (Introduced) [HTML]

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