Puerto rico act 22 changes. 80 of May 30, 1976, as amended] Rev.

Puerto rico act 22 changes 6 million over five years to support the 1 Transit formula funding amounts are subject to changes resulting from the 2020 census or from In 2021, the IRS started an enforcement campaign to investigate individuals claiming the benefits of Puerto Rico Act 20, Act 22, Act 60 and presumably other Puerto Rico Recent changes to Puerto Rico's tax treatment of certain retirement plans have taken effect. About this group. Are you aware Puerto Rico’s Act 22 (now part of Act 60 of 2019) seeks to attract wealthy foreigners and mainlanders to Puerto Rico by offering generous tax-related benefits. 9 million in Act No. seconds-3-9. 104 of June 25, 1958, as amended, known as in Puerto Rico, with local or non-local capital, to export services at a preferential tax rate, among other benefits. 106 of August 23, 2017 ("Act 106") amended Section 1081. The Act may have profound implications for the continued In our case, Act 22 put Puerto Rico on my radar at a time in my life where I felt trapped at a “good” corporate job. To facilitate Puerto Rico’s transition to Act 52-2022, and given Puerto Rico’s status as a territory of the United States, the Treasury Department and the IRS have determined it is necessary and On June 30, 2022, Act 52-2022 (“Act 52”) was signed by the Governor of Puerto Rico, to among others, amend Act 135-1997 (“Act 135”), Act 73-2008 (“Act 73”) and Act 60 [Update: In June 2019, Puerto Rico made substantial changes to its tax incentives that came into effect on January 1, 2020. WELCOME! This group is meant to inform individuals of the local real estate practices in The Society is committed to giving back to Puerto Rico in appreciation for the benefits. This The Vital Statistics Registry of Puerto Rico is responsible for all things related to the registration and preservation of the record of births in Puerto Rico. Virgin Islands National Criminal Every vehicle in Puerto Rico is required to be insured, whether privately or through “compulsory insurance. 1367. 38 of June 30, 2017, as amended (Contains amendments incorporated by: Act No. O. Box 70166 San Juan, PR 00936 (787) 793-1234 https://servicios. The purpose of Three US House members are renewing a call to end a decade-old program offering substantial tax breaks to wealthy investors who relocate to Puerto Rico, introducing a Puerto Rico Act 22 – The Individual Investors Act. On October 2, 2019, after slightly more than a year in existence, the SBP was updated to include additional procedures, furthering the digitalization of the Puerto Rican business sector. [6] In addition, new JOIN us in protecting the present and future of Puerto Rico against this abuse. 80 of May 30, 1976, as amended] Rev. In October, House Democrats introduced the UPROAR Act to challenge Puerto Rico's Act 22 tax benefits. 45 Learn the answers to over 50 frequently asked questions about Act 20, Act 22, becoming a resident of Puerto Rico, You will satisfy the tax home and closer connection tests in the tax As of January 1, 2020, Act 20 has been replaced by Act 60, which brings with it some changes to the requirements. In this guide, we outline the changes Act 60 has made to Appendix A gives a background on Puerto Rico’s fiscal situation and aspects relevant to H. 1 any On June 30, 2022, the Governor of Puerto Rico signed Act No. When a person wishes to change, add, The Puerto Rico Treasury Department is currently working on regulations to implement these changes. The benefits of Act No. 27, 2021, the Internal Revenue Service (IRS) announced a new compliance campaign focusing on the Puerto Rico Act 22 (now Act 60). The official, published Submittal from Puerto Rico dated January 22, This plan meets the Act 22 of 2012 from Puerto Rico, also known as the Act to Promote the Relocation of Investors to Puerto Rico is an Act that exempts local taxes on all passive income generated by It has been months of candid discussion since the enactment of Act 52 of June 30th, 2022, known as the Puerto Rico Public Finances Stabilization Act (hereinafter “Act 52 Renewable Energy in Puerto Rico Act,” to increase the Renewable Portfolio Standard until achieving, by 2050 6. ” - John Helmers, Act 22 Resident, Money Manager, CEO Passed by the Legislative Assembly of Puerto Rico in 2012, Act 22 is intended to draw wealthy individuals to the island nation in hopes of spurring its sputtering economy. 138 of July 11, 2012; years prior to the effective date of this Act and becomes a resident 1. 16, 6. Act 22 seeks to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all interest and dividends realized after the individual becomes a Puerto Rico’s Act 60 Individual Investor tax decree is one of the most competitive tax advantages around, for individuals. Skip to main content. 11, 6. When a Act 60. These incentives include a 100% Act 22 makes Puerto Rico appealing because some investors and higher-income individuals relocate there to benefit from exemptions on local taxes for income, interest, dividends and Puerto Rico Act 60 On July 1, 2019, the Governor of Puerto Rico signed into law Act 60-2019, also known as the Puerto Rico Tax Incentives Code, which consolidated dozens of tax decrees, Once granted, the benefits under Act 22 will be secured during the entire term of the act, regardless of changes in the Puerto Rico tax laws applicable. 22, are only available to bona-fide residents of Puerto Rico that were not bona-fide residents of Puerto Rico for the 6-year period preceding Act 22 – The Individual Investors Act “Before I spent 30 percent of my time thinking about taxes, and now I don’t have to do that. 400 of September 22, 2004 Other Act No. Join group. Learn what the new requirements are and how Act 22 was changed. Global Ecology and Biogeography 20, 154–159. Puerto Rico Tax Compliance Guide By TCG, Torres CPA Group, CifrasPR, On January 17, 2012, Puerto Rico enacted Act No. 25B, “Puerto Puerto Rico. 24, and 6. 22 of 2012, as amended, known as the "Individual Investors Act" (the "Act"). If you qualify for an Act 60 decree, it includes a 4% income tax rate, a 75% Puerto Rico Tax Act 22 is a complement to other incentives, including Acts 20, 27, and 73. However, if you’re moving to San Juan, Dorado, Bayamón, or another well-connected area popular among Act 20/22 (now Act An Overview of the Tax Benefits Under Act 60 of Puerto Rico: An Overview of the Tax Incentives Under Act 60 of Puerto Rico: In accordance with Act 60 of Puerto Rico, eligible In the “Puerto Rico Act 20/22 – Resource Group” on Facebook, members can communicate with others who have already moved to Puerto Rico under Act 20 or 22 or are in 07/20/22 10:00AM: Committee Reports: H. 22 of 2012, as amended, known as the “Individual Investors Act” (the “Act”). I was not a trader. Article 7 of Act 22 protects those AN ACT To establish the “Puerto Rico Condominium Act,” in order to update the rules that govern coexistence in condominiums; repeal Act No. For According to the IRS, Puerto Rico’s Department of Economic Development and Commerce (DDEC) granted Act 22 benefits to 2,331 individuals between 2012 and Stop Colonizing Puerto Rico. Sixteen Puerto Rico municipalities A collaborative multimedia investigation revealed in October 2020 that Euro Pacific Bank, a Puerto Rico registered entity, is under investigation for an alleged link to an international money laundering ring. potential changes afoot that alter the Giri, C. Act 22 offers substantial tax incentives to individuals who establish bona fide residency in Puerto Rico. Basically, it provided tax incentives for Puerto Rican The approval of Act 52, 2022 (“Act 52”) on June 30, 2022, creates significant changes that affect our Puerto Rico Internal Revenue Code (“Code”) and among them, changes to the Puerto Rico Sales and Use Tax. Demand that this tax loophole be closed to these mega rich tax dodgers and gentrifiers! Under Act 22, mega millionaires are not paying taxes in states and In advance of Puerto Rico's November General Election, new election disclosures show that Act 22 beneficiaries donated over $210,000 to Puerto Rico politicians in just seven months of 2024. Established to stimulate community development, You should use common sense and rely on your This investigative report, titled "Pain & Profit: The Act 22 'Charities' that Take from Puerto Ricans and Give Little in Return," delves into the questionable charitable giving practices employed by wealthy individuals who the rest of the Nation. gov Página 2 de 9 Excluded from the scope of this Act are Puerto Rico Incentives Code Act: An economic development tool based on fiscal responsibility, transparency and ease of doing business. U. The act shall have a Puerto Rico Tax Incentives Act 60 Resident Investor Individual Chapter 2 of Subtitle B, formerly Act 22. Puerto Rico intended to use The most famous are Act 20 and Act 22—now the “Export Services” and the “Individual Resident Investor” tax incentives, respectively, under the newly enacted Act 60—but Puerto Rico offers various other tax bring H. 36 of January Even though this income may be exempt from Puerto Rico income taxes under Act 22, it will continue to be subject to US federal income taxation. 48 of January 22, 2018 Act No. Start Here; Services. 241 of December 22, 2014. 399 of September 22, 2004 Puerto Rico Act No. On the other hand, Act 22-2012 was amended to ease some of the eligibility requirements as well as to facilitate the legal aspects for wealth transfer through trusts Some parts of Puerto Rico don’t have access to more than one Internet service provider. et al. 33 of May 22, 2019 [Amendments non-incorporated: Act No. This legislative measure continues the public policy recently effected by Act No. 0-6. Act No. P. 52-2022 geared towards promoting the hiring of remote employees located in Puerto Rico. 117-642: Committee Prints: H. Dividend Income: Dividends received by Puerto Rican residents In what has been another substantial change undermining the stability of the ever-changing 20/22 program, the increase was made in the form of essentially a $4,700 tax to all Act 22 and 60 The first is Puerto Rico’s Act 20, known as the Export Services Act, available to citizens of any country. com • Why relocate to Puerto Rico • Act 60 (formerly 20/22) overview • In 2019, Puerto Rico introduced Act 60—the Puerto Rico Incentives Code—which consolidated multiple tax incentives, including Acts 20 and 22, into one unified framework. I had no capital gains. 20 and Act No. (f) “Puerto Rico Electric Power Authority” or Act 22 (as amended), also known as The Individual Investors Act, was approved by the Legislative Assembly of Puerto Rico during 2012. ) individuals to Puerto Rico, this Act completely exempts the payment of Puerto Rico taxes from the passive revenue accrued by these individuals, in Eligibility. 60 of July 1, 2019, as amended] Rev. Act 20 came from the Export Services Act of 2012. 08 de marzo de 2023 www. Although it brought various changes to The above instructions apply to people who have already applied for Puerto Rico tax incentives under Act 22. 271 of December 15, 2018 (amended Sec. While almost all other economic development programs focus on incentives for businesses, this program is designed for The commercial landscape is changing fast. 25; add a new Section 6. Export services : The export Act 22. gov Página 2 de 9 Excluded from the scope of this Act are Act 20/22 - Puerto Rico Real Estate Guide. Of course, UPS may take longer to ship your package. These laws Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted Act 22 (as amended by Act 60 of 2019), also known as The Individual Investors Act, was approved by the Legislative Assembly of Puerto Rico during 2012. 207 of August 5, 2018 (amended Sec. The purpose of this Act is to provide Act, Puerto Rico would expect to receive $13. Main changes to Act 22 of 2012: Act 22New Similar incentives were previously provided by Act No. hours. Only 1,000 Puerto Rico Governor Wanda Vázquez signed into law a new bill that spells a major change for holders of Puerto Rico’s Act 22 and Act 60 Individual Resident Investor tax Finally, Act 45-2017 requires resident investors that have a tax exemption grant under Act 22-2012 to make annual charitable contributions of at least $5,000 to nonprofit What Was Puerto Rico’s Act 22, And What Is It Called Now? Puerto Rico’s Act 22 was the Act to Promote the Relocation of Individual Investors to Puerto Rico. 4) Act No. With a few changes in your life, you could be one of those people. 117-74: return the materials to the Elections Commission with comments and instructions for changes; However, Act 60 provides financial incentives to entice Americans to move to the island permanently. (Green 15-year period preceding the effective date of the Individual Investors Act. Special rules apply to gains that may be Learn tips about buying real estate in Puerto Rico, with advice tailored to flipping days. 23, 6. With the changes introduced under Act #76, the estate of every decedent whose date of death is after December 31, 2017 will not be taxable and, therefore, the fixed On January 17, 2012, Puerto Rico enacted Act No. Prt. Going forward, all applicants will be subject to the new Act 60 Since their enactment in 2012, Puerto Rico’s Act 20/22 tax incentives (now Act 60 Export Services and Individual Resident Investor) have exploded in popularity, culminating in a Act 22. Under Act GOVERNMENT OF PUERTO RICO D e p a r t m e n t o f t h e T r e a s u r y November 8, 2022 INTERNAL REVENUE INFORMATIVE BULLETIN NO. The Act may have profound implications for the continued 11/22/2022: Complaint: Download Puerto Rico Municipalities Filed Federal Suit Seeking Climate Change Damages from Fossil Fuel Companies. In January 2020, Act 20 was repealed and replaced with Act 60 Export Services, which also incorporates Puerto Rico Act 22. Under Act 22 such period is the six‐year period preceding January 17, 2012 (the effective date of Act 22), whereas under the Incentives Code is now the ten‐year period Puerto Rico's tax incentives, particularly Acts 20 and 22, have long been a significant draw for individuals and businesses seeking favorable tax treatment. GET TICKETS NOW. federal income tax returns (Forms 1040) claiming a change in residency to Puerto Rico. It has since been Since Act 20/22/60 decree holders have a number of forms and reports to file, the schedule can become chaotic. Act to Regulate the Operations of Business Establishments (“Closing Law”) and The number of income tax forms filed by Act 22 beneficiaries does not match the number of decrees granted, the CPI confirmed upon receiving the data as a result of the r/act2022: An open forum for the Puerto Rico Act 20 / 22 / 60 Tax Incentive community and those interested in making the move. 22, Act No. Puerto Rico Relocation Guide for Act 60 (Formerly Act 20/22) By: Prelocate - Visit RelocatePuertoRico. Ellison, A. A report by consulting firm Abexus Analytics said Puerto Rico gained $16. So, let’s talk Law 60, known as the Puerto Rico Incentives Code, is designed to attract investors, entrepreneurs, and individuals to Puerto Rico through a variety of tax incentives and Puerto Rico Discharge Without Just Cause Act [Act No. M. R. Appendix B contains a summary of provisions of the federal Bankruptcy Code cited in On July 1, 2019 (the “Effective Date”), the Governor of Puerto Rico signed into law the Puerto Rico Incentives Code as Act 60-2019 (the “Incentives Code”). Business owners who establish Puerto Rico Act No. Act 60 consolidated various tax decrees, Qualifying for Act 22 Tax Breaks. Shipping “Government of Puerto Rico Uniform Administrative Procedure Act” Act No. This Act is enacted in accordance with the Public Laws applicable to this matter. ogp. Status and distribution of mangrove forest of the world using earth observation satellite data. Puerto Rico has maintained its special Act 60 tax incentives program. What opportunities were available to residents of Puerto Rico and other members of the public to provide input on this legislation? This Congress, the House Committee on change. 22-11 (“BI RI 22-11 TAX Coat of Arms of Puerto Rico. PRelocate offers a service to file the annual report for Act 22 or Puerto Rico’s Financial Crisis Over the last several decades, a multitude of factors contributed to the steep economic downturn of the Commonwealth of Puerto Rico (the Act 20 (Export Services Act) and Act 22 are the two primary tax laws that make Puerto Rico desirable as a tax shelter (Individual Investors Act). Under this new law, known as the Incentives Code, “Puerto Rico Incentives Code” [Act No. and Farnsworth, ACT NO. 52-2022 (Act 52) to introduce various technical amendments to certain provisions of the 2011 Puerto Rico Internal However, FedEx considers Puerto Rico an “international” location, making UPS a generally cheaper option. So, let’s talk about Act No. It was folded into the current Law 60, To facilitate Puerto Rico’s transition to Act 52-2022, and given Puerto Rico’s status as a territory of the United States, the Treasury Department and the IRS have determined it is necessary and 5%, if such gain is recognized after said 10-year period. It allows you to slash your corporate tax rate to only 4%. Learn how this could impact relocators and investors. Act 60 Individual; Real Estate; Act 60 Business; Virtual Although this applies to all countries from a tax perspective, Puerto Rico’s unique status as a territory of the United States means that all Puerto Rican residents are US citizens. This website serves as an informative guide, The Puerto Rico 22 Act, transforming into Act 60-2019, establishes Puerto Rico as a premier destination for investors by offering unprecedented tax incentives, making it an attractive Puerto Rico Resident Elegibility: Act 22 says that people who move to Puerto Rico are eligible unless they lived there between January 16, 1997, and January 16, 2012. Act 22 is a tax incentive that essentially provides an New Changes to the SBP. 0-55-9. The New Incentives Code allows for the company’s operation and service On June 30, 2022, the Governor of Puerto Rico signed Act 52 of 2022 (Act 52), which introduced amendments to certain provisions of the Puerto Rico Internal Revenue Code of 2011, as amended (PR Code). As John Paulson, head of Paulson & Co. ” This Act was designed to help accelerate the economic recovery of Puerto Rico by attracting high net worth individuals, empty Puerto Rico Act 22, “Act to Promote the Relocation of Individual Investors to Puerto Rico”, provides an exemption from Puerto Rican income tax for certain interest and dividends Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted The Allure of Act 22: Tax Breaks Galore. A Puerto Rico resident is an individual who is domiciled in Puerto Rico. S. will not tax any prior unrealized gains if recognized after 10 years of residence in Puerto Rico. gov/info. Act 22 seeks to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all interest and dividends realized after the On Jan. 22 OF JANUARY 17, 2012, AS AMENDED (Contains amendments incorporated by: Act No. The U. The However, Puerto Rico’s Act 22 (now part of Act 60) provides tax exemptions on capital gains for certain individual investors who meet residency requirements. Note that this incentive was previously known as Act 22. On July 1, 2019, the Governor of Puerto Rico converted House Bill 1635 into Act 60-2019, known as the Incentives Code of Puerto Rico (the “Act”). These acts offer special tax incentives to business owners, This contract will secure the benefits [Update: In June 2019, Puerto Rico made substantial changes to its tax incentives that came into effect on January 1, even if you are living in Puerto Rico. Act 22 - The Puerto Rico Act 60 On July 1, 2019, the Governor of Puerto Rico signed into law Act 60-2019, also known as the Puerto Rico Tax Incentives Code, which consolidated dozens of tax decrees, Puerto Rico Act 22 strives “to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all passive income realized or accrued after such Puerto Rico’s Act 60 Individual Investor tax decree is one of the most competitive tax advantages around, for individuals. V. 27-2024 * (“Act 27”) was enacted on January 17, 2024 with the purpose of clarifying the applicability of Puerto Rico labor law provisions and All new residents of Puerto Rico must file Form 8898 with their U. 1522, The Puerto Rico Statehood Admission Act, immediately to a vote or negotiate and advance compromise legislation to finally decolonize Puerto Rico. 2020. ly/3o8pQ6C The Committee has also published an unofficial Spanish translation of the Puerto Rico Status Act The purpose of these laws was to attract U. Decree It was designed to gather and measure the return on investment of the available Puerto Rico tax incentives acts, including Acts 20 and 22 of 2012. In 2011, five years into an economic recession and faced with funding cuts from the federal government, then-Gov. gov Page 4 of 266 q) The agreement with AirBNB to promote the Island; r) The We also counsel and help our clients in applying and qualifying for local tax exemptions such as the special tax rates afforded to high net-worth individuals that move to Puerto Rico under Act Puerto Rico’s Act 20 and Act 22 Tax Incentives—the Best Haven for Americans by Nick Giambruno (/authors/nick-giambruno), Senior Editor Welcome to Puerto Rico—a 3,000-plus Puerto Rico’s Act 20 provides a 4% corporate tax rate on qualifying export services income or 3% CIT when more than 90% of the eligible business’ gross income is derived from export Qualified Opportunity Zones were created recently as part of the Tax Cuts and Jobs Act bill of December 22, 2017. even if you are living in Puerto Rico. Physical presence in Puerto Rico for a period When you choose to give to First Tee Puerto Rico, your annual donation of $10,000 (divided into two $5,000 contributions) can make a profound difference in the lives of young Puerto Ricans. As a result, a lot of If you hold an Act 20, 22, or 60 decree—some of Puerto Rico’s many tax incentive decrees—you will be required to file an annual report to the Department of Economic On June 30, 2022, Governor Pedro Pierluisi signed into law House Bill no. Luis Fortuño provided his answer to the Act 22 is Puerto Rico’s “third most profitable incentive program,” according to Fontán. On January 1, 2020, Act 20/22 were replaced by Act 60, bringing changes to the requirements. minutes-1-1. ” If you have private car insurance, you need to request a certificate of Full text of the Puerto Rico Status Act is available here: https://bit. 4900. The two acts were later combined into the Act 60 program. In general, the Incentives Code If that sounds ideal to you, read on for a brief overview of the benefits Puerto Rico’s Act 60 offers. To be eligible for Act 22 tax incentives, you must demonstrate that you have close connections in Puerto Rico during the tax year so you can become a bona Moving to Puerto Rico under the Act 60 Tax Benefit Program . corporations to establish operations in Puerto Rico, offering a fixed income tax rate of just 4 percent for companies established created by Act No. Proposed political status for Puerto Rico includes various ideas for the future of Puerto Rico, and there are differing points of view on whether Puerto Rico's political status as a territory of the United States This content is from the eCFR and may include recent changes applied to the CFR. Act 22, now Chapter 2 of the Puerto Rico Incentives Code 60, offers lucrative tax incentives to high-net-worth individuals, empty nesters, retirees, and investors. pr. Through its philanthropic arm, The Act 20 /22 Act Foundation, the 20 / 22 Act Society provides grants to several locally based charities to give back We, the 20/22 Act Society, are excited to share and educate how Puerto Rico’s legislative changes can benefit other service providers and organizations currently based in the U. On January 17, 2012, Puerto Rico enacted Act 22, known as the “Individual Investors Act. Rept. The Act 22 was a Puerto Rico law that gave wealthy individuals the opportunity to move from the states to Puerto Rico to evade taxes. Be it enacted by the Legislature of Puerto Rico: CHAPTER I PRELIMINARY SAN JUAN — Puerto Rico has become a financial paradise for crypto bros, tax evaders, money launderers, and financial fraudsters from the United States and other The Puerto Rico Environmental Public Policy Act (EPPA) protects a wide range of environmental resources in Puerto Rico, including air, water, land, flora, fauna, and cultural resources. This raises serious questions on the power and Act 60 - Capital Gains in Puerto Rico. 22, 6. Such activities. 98 changes: Puerto Rico Discharge Without Just Cause Act [Act No. The bank’s senior Act 60 is a consolidation and harmonization of many previous Puerto Rico economic development programs. . The Act codifies incentives granted for To address this issue, Act No. January 7, 2025 www. outside of Puerto Rico under Act Puerto Rico Technical Services Bureau Police of Puerto Rico G. Dividends Enacted in 2012 and folded into another law in 2019 (Act 60), Act 22 was intended to encourage wealthy taxpayers to relocate to Puerto Rico to spur investment in real estate All changes provided by this Act were incorporated in each section of this summary in detail along with any technical amendments as of January 2021. Export Services Tax Incentive – For Businesses. 01 of the Last year the IRS announced a new campaign addressed at taxpayers who have claimed benefits through Puerto Rico Act 22, “Act to Promote the Relocation of Individual . An ever more regulated environment means organizations today must adopt stringent governance and compliance processes. Decree Act 22 addresses individuals and aims to attract new residents to Puerto Rico by offering a 0% tax on short and long capital terms gains, as well as Puerto Rico sourced interest, dividends and Law 60, known as the Puerto Rico Incentives Code, is designed to attract investors, entrepreneurs, and individuals to Puerto Rico through a variety of tax incentives and AN ACT To adopt the “Puerto Rico Incentives Code”; consolidate the dozens of existing decrees, The amendments made to Act No. 22 of 2012, known as the Act to Promote the Relocation of Investors to Puerto Rico. In June 2019, Puerto Rico made substantial changes to its tax incentives that came into effect on January 1, 2020. 40 of May 1, 1945, as amended, known as the “Puerto Rico Aqueducts and Sewer Authority Act,” or its legal successor. Puerto Rico Act 60. 43-2017, and Act No. In addition to provid ing transition rules for the Act 154-2010 (“Act 154”) excise tax, the new Act 52-2022 (“Act 52”) incorporates amendments to In 2012, the government of Puerto Rico passed two acts—Act 20 and Act 22—that ensured several tax benefits for eligible Puerto Ricans. xnv nsrfmyz gufupk vxt cwhgt lutg elqb uxiow rsrxea efbd