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 add a new Article 115 and renumber the current Articles 115 and 116 as Articles 116 and 117 respectively, of Act No. 187-2015, as amended, known as the “Interagency Validation Portal Act for the Granting of Incentives for Economic Development of Puerto Rico”, in order to postpone the effectiveness of the Act and to relieve any agency, agency or instrument of the Government of Puerto Rico, municipality or public corporation, that is considered an Issuing-Certifying Agency or Receiving-Granting Agency, of comply with Articles 6 to 10 and Articles 14 to 112 of the Act in everything related to Certification of Compliance, retroactively from November 17, 2015 to January 1, 2018; to provide that any Issuing-Certifying Agency or Receiving-Granting Agency must continue to accept, receive, process, process and evaluate requests for incentives or tax benefits to

Date: February 29, 2012

To order the Committee on Education and Non-Profit Organizations and Cooperatives of the Puerto Rico House of Representatives to carry out a study on the proliferation of institutions that offer degrees on an accelerated and remote basis, in order to verify that they comply with applicable laws and regulations, so as to ensure excellent education for their participants.