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Vol. I · No. 32 Texas Edition
Friday, Oct 30
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Puerto Rico

10 years of income tax relief proposed for rehab of abandoned commercial properties

By The San Juan Daily Star 6 views 0 comments
10 years of income tax relief proposed for rehab of abandoned commercial properties
Image: The San Juan Daily Star

Rep. Ángel Morey Noble By THE STAR STAFF In an effort to stimulate commercial activity and promote the reuse of abandoned structures, District 6 Rep. Ángel Morey Noble filed a bill proposing a 10-year income tax exemption for those who rehabilitate such properties. The proposal, the “Law to Incentivize the Rehabilitation of Abandoned Commercial Structures and Public Nuisances,” establishes a tax incentive conditional on the rehabilitation of commercial structures that have been vacant and...

The San Juan Daily Star Original story · www.sanjuandailystar.com
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