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: | 2021 |
Program name: | Credit for purchases of products manufactured in Puerto Rico |
Program purpose:![]() | Local Manufacturing Incentives |
Statutory authority:![]() | Section 5(a)(1), Act 73 - 2008 |
Abating jurisdiction(s):![]() | Territory of Puerto Rico |
Applicable taxes: | Corporate Tax |
Method of abatement:![]() | Tax Credit |
Provisions for recapture:![]() | None |
Gross revenue loss:![]() | $30,300,000 |
Reimbursement / offset:![]() | $0 |
Net revenue loss:![]() | $30,300,000 |
Type of loss:![]() | Active |
Additional notes on dislosure: | Incentivize the manufacturing industry and local suppliers. Exempt business that has a decree granted under this Act or under the previous incentive laws, must buy products manufactured in Puerto Rico, including components and accessories |
Document source: | https://emma.msrb.org/P21714244-P21317913-P21750567.pdf |