House Bill 1517 (PC1517) was introduced in Puerto Rico's House of Representatives on 15 October 2026, which would amend the Puerto Rico Incentives Code (Act No. 60-2019) and the Puerto Rico Economic Incentives for Development Act (Act No. 73-2008). This includes provisions:
- Establishing an optional alternative tax framework under the Incentives Code that allows qualifying tax-exempt businesses to elect a fixed corporate income tax rate greater than 4% and up to 15% (determined by the Secret…