Puerto Rico Governor Signs Law Further Extending Income Tax Exemption for Residential Property Rentals

The Puerto Rican Governor July 17 signed Law No. 66, further extending the tax exemption for income from qualifying residential property rentals. The law includes measures: 1) extending the exemption to Dec. 31, 2040, from Dec. 31, 2025; 2) excluding income from short-term supplementary accommodation rentals; and 3) clarifying that eligible landlords are still required to pay personal property taxes and file the specified tax return. The law enters into force the same date. [Puerto Rico, Government Legal Database, 07/17/25]

Reference:
View Law No. 66/2025. View Legislative History of Law No. 66/2025. View Index.