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Tax Breaks for Film and Theater Productions in Puerto Rico

This act amends tax laws to allow faster depreciation of costs for film, television, and live theatrical productions in Puerto Rico. The goal is to encourage investment in these industries on the island, potentially leading to new jobs and local economic growth.
Key points
Faster tax write-offs for companies producing films, TV shows, and live theater in Puerto Rico.
The change aims to encourage greater investment in the cultural and entertainment sector on the island.
Potential for increased employment and economic development in Puerto Rico due to new productions.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1741
Sponsor: Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
Process start date: 2021-03-10
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Puerto Rico Film, Television, and Theatre Production Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1741.

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:

  • Faster tax write-offs for companies producing films, TV shows, and live theater in Puerto Rico.
  • The change aims to encourage greater investment in the cultural and entertainment sector on the island.
  • Potential for increased employment and economic development in Puerto Rico due to new productions.
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 Media and Culture Economy