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 creditThe proposal would establish a new 10-year general business credit for business activities conducted by qualified domestic corporations in American Samoa, Guam, the Commonwealth of Northern Marianas, the Commonwealth of Puerto Rico and the US Virgin Islands. The credit would equal 20% of the sum of qualified possession wages and fringe benefits paid or incurred by a qualified domestic corporation on behalf of...