Puerto Rico Lower House Considers Bill to Extend Individual Income Tax Exemption on Rental Income

The Puerto Rican House of Representatives April 4 accepted for consideration Bill No. PC0509, to extend the individual income tax exemption under the Real Estate Market Stimulus Act, for income from rentals of residential property located in Puerto Rico. The bill includes a measure to remove the exemption’s sunset date of Dec. 31, 2025. The law would enter into force upon its adoption. [Puerto Rico, Government Legal Database, 04/04/25]

Reference:
View Bill No. PC0509. View Legislative History of Bill No. PC0509. View Index.