EYEY

US House Ways & Means reconciliation bill proposes important credits and incentives that would encourage investment in Puerto Rico

|Tax Alerts, National/Federal Taxation, L ...|United States, Puerto Rico
United States, Puerto Rico

The United States (US) House Ways & Means Committee’s reconciliation bill includes provisions that would encourage investment in Puerto Rico, including an economic activity credit and additional allocations of the New Markets Tax Credit (NMTC).

Possessions economic activity credit

The proposal would establish a new 10-year general business credit for business activities conducted by qualified do…

Continue Reading