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.

To order the Committee on Social and Economic Revitalization of the Senate of Puerto Rico to carry out a thorough and comprehensive study, including, an inventory of the tax incentive decrees granted in Puerto Rico, and which are in force, under Act 135-1997, Tax Incentives Act of 1998, Act 73-2008, as amended, Act on Economic Incentives for the Development of Puerto Rico, Act 83-2010, Law on Green Energy Incentives of Puerto Rico, Act 20-2012, Incentives for Export Businesses Services in Puerto Rico, Law 22-2012, New Resident Investor Act, Act 187-2015, the Interagency Validation Portal Act for Granting Incentives for Economic Development in Puerto Rico, and other existing laws that are intended to provide tax incentives, in order to measure their impact on the economy of Puerto Rico compared to their fiscal impact on the coffers of the Government of Puerto Rico.

Date: June 4, 2009

To amend Act No. 209 of August 28, 2003, known as the “Puerto Rico Statistics Institute Act”, as amended, to transfer the Puerto Rico Statistics Institute under the jurisdiction of the Legislative Assembly.