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: | 2019 |
| Program name: | Act 225 - 1995, Law on Agricultural Contributive Incentives of PR |
| Program purpose: | Local Agriculture Investment |
| Statutory authority: | Act 225 -1995 |
| Abating jurisdiction(s): | Territory of Puerto Rico |
| Applicable taxes: | Corporate Tax |
| Method of abatement: | Tax Reduction |
| Provisions for recapture: | None |
| Gross revenue loss: | $100,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $100,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | The Act establishes the requirements to qualify the "bona fide"farmers and exempt them from the payment of all kinds of taxes on personal and real property, municipal license tax, taxes, income taxes, excise taxes and all municipal and/or state taxes or fees. |
| Document source: | https://hacienda.pr.gov/sites/default/files/commonwealth_of_puerto_rico_... |
