Date: April 5, 2022
To amend articles 1.3, 2.2, 2.3 and 2.4 of Law 120-2014, known as the “Incentives Act for the Generation and Retention of Jobs in SMEs”, in order to expand the categories of Eligible Expansion SMEs and Eligible SMEs with Net Operating Losses to those companies that have started operations after January 1, 2014 and to temper the partial reimbursement of salaries to the new state minimum wage established by Law 47-2021; add a new article 2.7 to Law 120-2014, known as the “Incentives Act for the Generation and Retention of Jobs in SMEs”, for the purpose of requiring an Annual Performance Report on the provisions of the Act; to amend Section 12-B of Law No. 72 of June 21, 1956, known as the Puerto Rico Employment Security Act, as amended, to clarify the source of funding for partial wage reimbursement; and for other related purposes.
-p-130x130q80.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
