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: | 2020 |
| Program name: | Tourism Development Investment Credit (Individuals) |
| Program purpose: | Local Tourism Investment |
| Statutory authority: | Art. 5(f) Act 78-1993Art. 14 Act 225-1995 Schedule B Part II Line 12 & Act 78 of 1993 |
| Abating jurisdiction(s): | Territory of Puerto Rico |
| Applicable taxes: | Individual Income Tax |
| Method of abatement: | Income Tax Credit |
| Provisions for recapture: | None |
| Gross revenue loss: | $8,200,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $8,200,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | The amount of credit for tourism investment. Every investor may claim a credit for tourism investment equal to 50% of its eligible investment |
| Document source: | https://emma.msrb.org/P21619995-P21246656-P21671140.pdf |
