Puerto Rico's Resident Commissioner Jenniffer Gonzalez-Colon has submitted Bill H.R.1403 in the U.S. House of Representatives that would make permanent the 9% deduction for domestic production activities in Puerto Rico (Section 199 deduction). The bill would strike subparagraph (C) of Section 199(d)(8) of the Internal Revenue Code, which currently provides that with respect to Puerto Rico activities, the deduction applies for the first 11 taxable years of the taxpayer beginning after 31 December 2005 and before 1 January 2017.
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