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All of Puerto Rico Designated as Opportunity Zone

This bill aims to designate all of Puerto Rico as a special investment area, known as an "opportunity zone." This means investors can receive tax benefits by investing in the region, which is intended to encourage job creation and economic development. These changes could impact the availability of services and employment opportunities for Puerto Rico residents.
Key points
All of Puerto Rico is now considered an "opportunity zone" to attract investments.
Investors in Puerto Rico may qualify for special tax incentives.
The goal is to stimulate the economy and create new jobs in the region.
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Status:
Expired
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Additional Information
Print number: 118_HR_378
Sponsor: Rescom. González-Colón, Jenniffer [R-PR-At Large]
Process start date: 2023-01-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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 118_HR_378.

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 2023-01-17.

What are the main provisions?

Key points include:

  • All of Puerto Rico is now considered an "opportunity zone" to attract investments.
  • Investors in Puerto Rico may qualify for special tax incentives.
  • The goal is to stimulate the economy and create new jobs in the region.
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 Rescom. 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 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy Public Investments