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Please note that data are cataloged by fiscal years. For more info see our user guide.

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Puerto Rico Revenue Lost to Tax Abatement Programs


Total Revenue Lost$14,367,828,700

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State-level or Territory-level programs

Click on the name of a program for more details.

YearProgram NameProgram TypeGross Revenue Loss
2019Act 135 - 1997, Tax Incentives Law of 1998Local Manufacturing Investment$13,965,800,000
2019Act 20 - 2012, Export ServicesBusiness Relocation Incentives$228,700
2019Act 22 - 2012 Transfers of Investors to Puerto RicoInvestor Relocation Incentives$324,800,000
2019Act 225 - 1995, Law on Agricultural Contributive Incentives of PRLocal Agriculture Investment$100,000
2019Credit for construction investment in Urban CentersConstruction/Revitalization/Job Creation$700,000
2019Credit for investment in film industry development (Act 27 - 2011)Local Film Industry Investment$31,400,000
2019Credit for purchases of products manufactured in Puerto RicoLocal Manufacturing Incentives$30,700,000
2019Public Service Physician Internship StipendsWorkforce Development$2,600,000
2019Purchase: Tourism DevelopmentLocal Tourism Investment$3,000,000
2019Tourism Development Investment Credit (Individuals)Local Tourism Investment$8,500,000
TABULATED STATE-OR-TERRITORY LEVEL TOTAL$14,367,828,700

Tabulated localities and districts

Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.

Data includes abatement information for the five most populous cities, counties, and school districts in each state (where available). If no data is shown for these top five jurisdictions, it is because they did not disclose GASB 77 tax abatement information in the Annual Comprehensive Financial Report (ACFR), the amount reported was $0, or the ACFR has not been published yet. Some states include data for additional years and jurisdictions.

Reporting JurisdictionJurisdiction TypeGross Revenue Loss
 
TABULATED JURISDICTION TOTAL$0