All Roll Calls
Yes: 68 • No: 5
Puerto RicoPC 050420th Legislative Assembly (2025-2028)HouseWALLET
Para enmendar las Secciones 1010.01, 1010.05, 1021.02, 1022.04, 1022.07, 1034.04, 1035.08,1040.02,1061.03,1061.04,1061.09,1061.16,1061.17,1061.25,1063.05,1063.15,1063.16,1092.02, 4010.01, 6010.05, 6041.10, 6051.21, 6055.03, y 6055.06 de la Ley 1-2011, según enmendada, conocida como "Código de Rentas Internas de Puerto Rico de 2011"; enmendar los Artículos 15.01, 15.03 y 17.01 de la Ley 164-2009, según enmendada, conocida como la "Ley General de Corporaciones para el Estado Libre Asociado de Puerto Rico"; enmendar los Artículos 7.135 y 7.207 de la Ley 107-2020, según enmendada, conocida como "Código Municipal de Puerto Rico de 2011"; enmendar las Secciones 6020.10, y 6070.66 de la Ley 60-2019, según enmendada, conocida como "Código de Incentivos de Puerto Rico"; con el fin de simplificar y uniformar fechas de radicación de las distintas planillas requeridas a los negocios, reducir el cumpli11:1iento contributivo en Puerto Rico estableciendo el marco conceptual para un Acuerdo Colaborativo entre el Departamento de Hacienda y el Departamento del Trabajo y Recursos Humanos con el Propósito de Consolidar la Presentación de las Planillas Presentadas por los Patronos sobre los Impuestos de Nómina relacionados a los Salarios Pagados a los Empleados; mejorar la fiscalización facilitando se transfiera información de algunas agencias del Gobierno con el Departamento de Hacienda referente a propiedades de personas; y para otros fines relacionados.
Sponsored By: Carlos ‘Johnny' Méndez Núñez (PNP), Miembros PNP -
Signed by Governor
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
22 provisions identified: 10 benefits, 6 costs, 6 mixed.
Exempt businesses: $5,000 fee and report
Each Exempt Business owes a $5,000 annual charge: $300 to a DDEC fund and $4,700 to Hacienda. File an authenticated annual report within 30 days after your income‑tax filing date (including extensions). For years starting after 2024-12-31, file it electronically with your income tax return and fee; Hacienda can delay this e‑file rule by one year. DDEC can fine up to $10,000 for missing or late/incomplete reports; you have 15 days to fix an incomplete filing.
Emergency tax payment delay up to 6 months
In a declared extraordinary emergency, Hacienda can move income‑tax payment due dates by up to six months. The new date counts as the original due date for all tax rules. This helps cash flow during major disasters.
Voluntary disclosure: relief and protection
Hacienda can forgive interest and penalties and offer payment plans of at least six months under rehabilitation and voluntary disclosure programs. If you sign a voluntary disclosure agreement, Hacienda will not refer you for criminal prosecution for the specific periods and taxes you disclosed.
Bigger cash method and $50K break
More firms can use cash accounting: up to $1,000,000 (years before 2019), $3,000,000 (2019–2024), and $10,000,000 (years starting after 2024-12-31), based on a 3‑year average. If you used accrual before 2025 and now qualify, you can switch without asking Hacienda. Also, designated professional services with $50,000 or less in annual revenue qualify for the small‑business exclusion; controlled groups must use the group’s total.
One SURI payroll filing by 2026
Employers will file payroll taxes once per period in SURI. Labor and Hacienda must sign the agreement by 2026-07-01. Hacienda must update SURI forms and share wage data with Labor. This cuts duplicate filings and helps both agencies use the same wage records.
Remote worker safe harbor for employers
Having employees in Puerto Rico does not, by itself, create Puerto Rico business nexus if strict rules are met. The employer has no fixed Puerto Rico office (home office does not count), is not a covered merchant, the worker is not an officer/director/majority owner, services benefit clients with no Puerto Rico ties, and pay is reported on a Federal W‑2 or Form 499R‑2/W‑2PR. This applies to tax years beginning after 2021-12-31.
No dividend tax on incentive income
Income covered by Puerto Rico incentive laws, including Law 60-2019, is not subject to the dividend‑equivalent tax. This lowers tax on eligible distributions tied to activities like export services, tourism, green energy, film, and other decree programs.
Individual alternate tax: stricter rules
If you claim business expenses under the individual Alternate Basic Contribution, those payments must match the required information returns. Starting for years after 2024-12-31, bank fees and payment‑processing fees are deductible only if reported. Accrual or fiscal‑year filers must reconcile their books to those reports. Also for years after 2024-12-31, distributions from certain employee trusts count in the Alternate Basic Contribution base.
Audited statements with property return
For tax years starting after 2021-12-31, anyone required to submit audited financial statements must attach them to the personal property tax return. A licensed CPA must prepare the audit. This adds work and cost for filers who meet the audit rule.
Platforms and providers: annual reports
Payment processors and platforms must report each merchant’s total payments and the fees they charged for transactions from 2019-01-01 on. Telecom, internet, cable/satellite, advertisers, and insurers must give yearly reports to commercial clients for payments after 2019-12-31, with copies due by February 28. Financial‑service firms must also report bank charges and payment‑processing amounts received after 2024-12-31.
Stronger tax data sharing across agencies
The law creates an interagency tax portal in SURI. Agencies must send digital data (not images) in Hacienda’s format within 90 days of notice. Transportation sends vehicle data, Natural Resources sends vessel data, and Tourism sends short‑term rental data. All transfers use secure systems and follow confidentiality rules.
No foreign account report under $10K
You do not have to file the foreign account report if the total value of all non‑PR, non‑US accounts stayed at $10,000 or less during the year. Hacienda can also exempt duplicate reporting when multiple people would report the same account or in certain ownership cases.
Municipal business dates tied to tax
File the municipal volume‑of‑business declaration within 5 business days after April 15. If you have an exemption decree covered by the special rule, file within 5 business days after June 15. When Hacienda delays income tax filing dates, municipalities must delay this declaration by the same number of days.
Optional corporate tax election if paid
A qualifying service corporation can choose the optional corporate contribution even if the return shows a balance due. The balance must be paid in full by the original filing deadline; extensions do not count. This applies to taxable years beginning after 2018-12-31 (and also after 2021-12-31 under later updates).
No sales tax on intercompany services
Services between members of the same controlled group in Puerto Rico are not treated as taxable services for sales‑and‑use tax. This removes sales tax from many intercompany service charges.
No amended return during audits
Hacienda will not accept an amended return if you are under audit or investigation. It also will not accept one if your return was audited or investigated and the resulting tax debt has been assessed.
Tighter tax on foreign deals
A foreign company in certain exchanges must prove within 183 days it was not formed to avoid Puerto Rico taxes. If a nonresident or foreign corporation sells an interest in a Puerto Rico partnership, the gain is Puerto Rico business income. The taxable amount equals the seller’s share as if the partnership sold all assets at fair market value on the sale date.
Business tax filing dates unified
Pass‑throughs must file the information return by the last day of the third month after year‑end. Any required estimated tax is due that same date; extensions do not move it. If you plan to dissolve or liquidate, send a sworn notice within 30 days and report liquidation distributions by February 28 (some exceptions apply when a tax‑treatment change causes the dissolution). Decree corporations file by June 15 (calendar year) or by the 15th day of the sixth month after year‑end (fiscal year). In a declared emergency, Hacienda can move deadlines by up to six months.
State report ends; $100 annual fee
Before 2025, corporations must file an annual State report by April 15. If Hacienda delays income tax dates, the State must delay this report date too. Starting in 2025, the report is no longer required, but every corporation must pay an annual fee of at least $100, often collected online.
Clearer LLC and group tax rules
LLCs are corporations by default, but can elect partnership, pass‑through, or (if single‑owner) disregarded status. Starting with years after 2023-12-31, a single‑owner LLC can be disregarded even if the owner is not a Puerto Rico resident. A converting corporation can make a retroactive election if the prior year’s return was not yet due. Foreign entities not otherwise classified are treated as LLCs. The law broadens who counts as an “entity” in related‑group rules and repeals an outdated code section.
Corporate AMT: new limits and relief
For AMT, corporations can deduct key business payments only if they were reported on required information returns. For years after 2024-12-31, bank charges and payment‑processing fees must also be reported to be deductible. Accrual or fiscal‑year filers must reconcile books to those reports. Some dividends that were excluded from regular income can also be excluded from AMT.
Estimated tax rule for decree entities
Decree entities must pay estimated tax equal to the lesser of 90% of this year’s tax or the larger of last year’s total tax or last year’s return re‑computed at this year’s rates. Hacienda will issue guidance for fiscal‑year filers. This sets a clear safe harbor for estimated payments.
Sponsors & Cosponsors
Sponsors
Carlos ‘Johnny' Méndez Núñez
PNP • House
Miembros PNP -
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 6/16/2025
Aprobado por el Senado en Votación Final
Yes: 23 • No: 2
House vote • 4/7/2025
Aprobado por Cámara en Votación Final
Yes: 45 • No: 3
Actions Timeline
Ley Núm. 65 — Firmada por la Gobernadora
7/17/2025HouseEnviado a la Gobernadora
7/9/2025HouseFirmado por el Presidente del Senado
7/7/2025SenateFirmado por el Presidente de la Cámara
6/30/2025HouseSe dispone que sea enrolado
6/30/2025HouseCuerpo de Origen concurre con enmiendas
6/30/2025HouseAprobado por el Senado en Votación Final
6/16/2025SenateAprobado con enmiendas del informe
6/16/2025HouseEn el Calendario de Ordenes Especiales del Senado
6/16/2025SenateRemitido a la Comisión de Reglas y Calendario del Senado
6/13/2025SenateEntirillado del Informe
6/13/2025House1er Informe Comisión rendido con enmiendas
6/13/2025HouseReferido a Comisión(es)
4/10/2025HouseAparece en Primera Lectura del Senado
4/10/2025SenateTexto de Aprobación Final enviado al Senado
4/7/2025SenateAprobado por Cámara en Votación Final
4/7/2025HouseAprobado sin enmiendas
4/7/2025HouseEn el Calendario de Ordenes Especiales de la Cámara
4/7/2025HouseRemitido a Comisión de Calendarios de la Cámara
4/7/2025House1er Informe Comisión rendido sin enmiendas
4/7/2025HouseReferido a Comisión(es)
4/7/2025HouseAparece en Primera Lectura de la Cámara
4/7/2025HouseRadicado
4/4/2025House
Bill Text
Se dispone que sea enrolado
6/30/2025
Texto de Aprobación Final enviado al Senado
4/7/2025
Radicado
4/4/2025
Related Bills
PC 0845 — Para declarar el mes de junio de cada año como el "Mes para Promover la Donación Sangre en Puerto Rico"; y para otros fines relacionados.
PC 0435 — Para emnendar los Artículos 2 y 4, añadir un nuevo Artículo 5 y reenumerar el Artículo 5 como Artículo 6, respectivamente de la Ley 6-2011, a los fines de añadir como requisito presentar evidencia de resultado negativo a prueba de detección de sustancias controladas; establecer que, a todo entrenador, adscrito al Departamento de Recreación y Deportes, se le podra administrar pruebas periódicas para la detección de sustancias confroladas; y para otros fines relacionados.
PC 0767 — Para enmendar el inciso (b) de la Sección 3 y el inciso (a) de la Sección 4 de la Ley Núm. 95 de 29 de junio de 1963, según enmendada, conocida como "Ley de Beneficios de Salud para Empleados Públicos", para realizar emniendas técnicas, y añadir a los funcionarios y empleados del Departamento de Seguridad Pública y del Departamento de Educación en la definición de "empleado" con el fin de conformarla al estado de derecho vigente.
PC 0142 — Para enmendar los Articulos 2 y 7 de la Ley 151-2004, segun ernnendada, conocida como "Ley de Gobierno Electrónico", a los fines de consolidar denh·o de dicha Ley, las disposiciones relativas a la aplicación de la polftica pública que establece que las agendas y corporaciones publicas que rinden servicios basicos a la ciudadania, deben instituir programas de información y educación sabre los planes y proyectos de mejoras que lleven a cabo; derogar la Ley 98-2002, conocida coma "Ley de Información de Educación e Información al Usuario de Servicios Gubernamentales"; y para otros fines relacionados.
PS 0927 — Para crear la "Ley de Reflexión y Meditación en las agencias, dependencias, instrumentalidades y corporaciones públicas del Gobierno de Puerto Rico; establecer la política pública; disposiciones administrativas; y para otros fines relacionados.
PS 0676 — Para añadir un nuevo inciso (b) al Artículo 87 de la Ley Núm. 146-2012, según enmendada, conocida como "Código Penal de Puerto Rico"; renumerar los actuales incisos (b), (c), (d) y (e), como incisos (c), (d), (e) y (f), respectivamente, a los fines de establecer el periodo de prescripción de diez (10) años en delitos de apropiación ilegal agravada, fraude y lavado de dinero cuando la cuantía de tales actos ascienda a quinientos mil dólares ($500,000) o más; enmendar los Artículos 9.05 y 9.06 de la Ley Núm. 255-2002, según enmendada, conocida como "Ley de Sociedades Cooperativas de Ahorro y Crédito de 2002"; y enmendar el Artículo 409 de la Ley Núm. 60 de 18 de junio de 1963, según enmendada, conocida como "Ley Uniforme de Valores", a los fines de establecer un período prescriptivo de diez (10) años en los delitos y penalidades tipificados en estas Leyes; y para otros fines relacionados.