Puerto Rico - Industry Tax Incentives
This incentive is now only effective for businesses that have requested or are requesting an extension of their exemptions under the The Puerto Rico Tax Incentives Act.
The Puerto Rico Tax Incentives Act of 1987, established an exemption on industrial income, municipal and Commonwealth taxes on real and personal property, license fees, excise, and other municipal taxes for a multitude of industries. The act also created a fund of 7,500,000 dollars to promote scientific and technical research as well as to develop special programs for chronic unemployment, and those underprivileged and financially distressed.
Businesses eligible for this incentive include but
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