H.R. 5975 · 115th Congress
Puerto Rico Economic Empowerment Act of 2018
- Stage
- In committee
- Sponsor
- Jenniffer González-Colón
- Introduced
- 2018-05-25
- Latest action
- 2018-05-25 · Introduced in House
Summary
Puerto Rico Economic Empowerment Act of 2018
This bill provides for various support for Puerto Rico, including by (1) establishing tax benefits for Puerto Rico, such as a tax credit for employment payroll taxes and an expansion of the child tax credit; (2) relaxing certain requirements related to Small Business Administration loan programs for certain Puerto Rico businesses; (3) prioritizing the transfer of surplus U.S. government property to qualified Puerto Rico businesses; and (4) establishing the Federal and State Technology Partnership Program in Puerto Rico.