Act 21, SB 1147. AN ACT To create the "Puerto Rico Economic Development and Opportunity Zones Act of 2019," add a new Section 1031.06 to Act No. 1-2011, as amended, known as the "Internal Revenue Code for a New Puerto Rico"; amend Section 1035.08 of the "Internal Revenue Code for a New Puerto Rico"; amend Section 5 of Act No. 22-2012, known as the "Act to Promote the Relocation of Individual Investors to Puerto Rico"; amend Sections 3 and 4 of Act No. 185-2014, as amended, known as the "Private Equity Funds Act"; and add a new Section 84A to Act No. 17-2017, in order to promote the incentives and a favorable regulatory environment to establish Qualified Opportunity Zones in Puerto Rico; and for other related purposes
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Act 21, SB 1147. AN ACT To create the "Puerto Rico Economic Development and Opportunity Zones Act of 2019," add a new Section 1031.06 to Act No. 1-2011, as amended, known as the "Internal Revenue Code for a New Puerto Rico"; amend Section 1035.08 of the "Internal Revenue Code for a New Puerto Rico"; amend Section 5 of Act No. 22-2012, known as the "Act to Promote the Relocation of Individual Investors to Puerto Rico"; amend Sections 3 and 4 of Act No. 185-2014, as amended, known as the "Private Equity Funds Act"; and add a new Section 84A to Act No. 17-2017, in order to promote the incentives and a favorable regulatory environment to establish Qualified Opportunity Zones in Puerto Rico; and for other related purposes
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