P. of C. No. 1921

Memorials
IEPR
04 March 2026

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...

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P. of C. No. 1921

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To amend Article 6 of Law 209-2003, as amended, to provide that the Institute of Statistics of Puerto Rico may request, accept and receive donations, and set and collect reasonable fees for obtaining information and studies that originate, analyze or disclose by the Institute; that the sums collected by this concept will be entered into a special account called “Special Fund of the Institute of Statistics of Puerto Rico”, which may be used to defray the operating and operating expenses of the Institute and the statistical activities that the Institute determines; to amend Article 8 of the above-mentioned Act No. 209-2003, to establish that the Board of Directors of the Institute has the power to approve the acquisition of equipment, materials and services whose value exceeds one hundred thousand ($100,000) dollars; and to amend Article 11 of the aforementioned Law 209-2003...

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