A bill was recently submitted to the Puerto Rico Senate to ensure that funds received by the commonwealth’s 9-1-1 Emergency System are not diverted for other purposes, in accordance with federal regulations.
Puerto Rico’s School of Certified Public Accountants expressed its support of House Bill 1544, which proposes a new Tax Code for the island, saying it introduces “a number of significant changes in the rate of income tax for both individuals and corporations.”
In response to the growing trend of businesses under the “sharing economy” model, Sen. Zoé Laboy-Alvarado, presented Senate Bill 840 to ensure the design and implementation of public policy that promotes the sector’s growth on the island.