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All Puerto Rico Designated as Opportunity Zone: New Tax Benefits

This bill aims to designate all of Puerto Rico as a special investment zone, potentially offering tax benefits to investors. This could lead to increased investments and economic development for the citizens of Puerto Rico, potentially resulting in new jobs and improved living conditions.
Key points
All of Puerto Rico will be designated as an opportunity zone to encourage new ventures.
Investors may receive special tax benefits, aiming to stimulate the local economy.
Changes apply to tax years beginning after December 31, 2020.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1740
Sponsor: Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
Process start date: 2021-03-10
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To designate all of Puerto Rico as an opportunity zone.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1740.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-10.

What are the main provisions?

Key points include:

  • All of Puerto Rico will be designated as an opportunity zone to encourage new ventures.
  • Investors may receive special tax benefits, aiming to stimulate the local economy.
  • Changes apply to tax years beginning after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Resident Commissioner González-Colón, Jenniffer [R-PR-At Large].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy Public Investments