Date: June 5, 2014

To amend Section 1031.02 of Act 1? 2011, as amended, known as the “Internal Revenue Code for a New Puerto Rico” for the purpose of establishing an income tax exemption for young people aged sixteen (16) to twenty-six (26) on the first forty thousand dollars of gross income generated by services provided; to establish a total exemption from income tax, municipal patent and contribution on movable property to New Businesses established by young people aged sixteen (16) to twenty-six (26) for the first five hundred thousand dollars of gross income generated during the first three (3) years of operation; order the Economic Development Bank for Puerto Rico to create a business financing program for young entrepreneurs and entrepreneurs that allows the refinancing of study loans related to the capacity, specialty and skills required for the establishment or operation of the business...

To create the “Puerto Rico Financial Transparency Act” for the purpose of government agencies, public corporations and municipalities establishing a collaborative agreement with the Puerto Rico Institute of Statistics to join its financial transparency platform.

To order the Committee on Economic Development, Planning, Telecommunications, Public-Private Partnerships and Energy, of the House of Representatives of the Government of Puerto Rico, to conduct research on present and future plans related to the economic and social resources of our government, including municipalities, designed to meet the needs of our aging population. This will include, but not be limited to, health, housing, safety and other issues.