Puerto Rico Governor Signs Bill to Expand OZ Incentive

Tuesday, May 14, 2019 - 2:00pm

Puerto Rico Gov. Ricardo Rosselló today signed legislation creating additional territory-wide incentives for investments in opportunity zones (OZ). S.B. 1147 will provide a 25 percent tax credit, a reduction in tax on the net income of exempt businesses, a 25 percent exemption from property taxes and construction taxes, conformity to the federal tax code for OZ investments and more.