Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Puerto Rico |
| Effected Jurisdiction: | Puerto Rico |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2018 |
| Program name: | Credit for investment in film industry development (Act 27 - 2011) |
| Program purpose: | Local Film Industry Investment |
| Statutory authority: | Section 7.3 Act 27 - 2011 |
| Abating jurisdiction(s): | Territory of Puerto Rico |
| Applicable taxes: | Individual Tax |
| Method of abatement: | Tax Reduction |
| Provisions for recapture: | None |
| Gross revenue loss: | $41,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $41,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | To encourage the use of the state as a site for filming, for the digital production of films, and to develop and sustain the workforce and infrastructure for film, digital media, and entertainment production |
| Document source: | https://emma.msrb.org/P21475370-P21144421-P21557950.pdf |
