Bills to reduce income tax to small and midsize, non-tax-exempt corporations, individuals; United Retailers with major input

Ryan, Frances; Márquez, Carlos
April 2008
Caribbean Business;4/24/2008, Vol. 36 Issue 16, p30
The article reports on the recommendations to reduce income tax for small and midsize, non-tax-exempt corporations in Puerto Rico. These suggestions from the United Retailers Association (CUD) are considered by the technical committee evaluating the proposal for the 2008 Puerto Rico Socioeconomic Development Incentives Act. Small businesses with annual income not exceeding $5 million will be considered. Moreover, incentives will vary according to three net-income categories.


Related Articles

  • Time is up:Legislature's and Governor's approval required before June 30, but it isn't over until it's over. Ryan, Frances; Márquez, Carlos // Caribbean Business;4/24/2008, Vol. 36 Issue 16, p24 

    The article reports on a legislative proposal that will introduce economic development recommendations like incentives for small and midsize businesses in Puerto Rico. It is stated that the actual tax rate for eligible companies covered by the law is yet to be decided. Moreover, the first stage...

  • A gamble worth the chance.  // Caribbean Business;4/24/2008, Vol. 36 Issue 16, p32 

    The article provides the author's view on the Tax Incentives Act of 1998 (TIA), which is due to expire on December 31, 2007 in Puerto Rico. It is noted that House Speaker José Aponte argues on the need to refit the legislation that constitutes the country's major tool of investment promotion...

  • What a Relief! Szabo, Joan // Entrepreneur;May2002, Vol. 30 Issue 5, p68 

    Reports on the provisions of the U.S. Job Creation and Worker Assistance Act of 2002 for small businesses. Amount of tax breaks provided by the bill; Requirements for eligibility; Information on other tax benefits.

  • NEWS BRIEFING.  // ICIS Chemical Business;1/30/2012, Vol. 281 Issue 5, p6 

    The article offers chemical industry news briefs as of January 2012. Fourth quarter 2011 net income for U.S.-based chemical company DuPont fell by 30%, reportedly as a reflection of a higher tax rate. West Virginia legislators have approved a tax-incentive bill in an effort to lure an ethane...

  • Year-End Planning Ideas for 2010. Kinsler, Debra A. // Journal of the CPA Practitioner;Nov/Dec2010, Vol. 2 Issue 5, p15 

    The article offers information on several provisions in the Small Business Jobs Act of 2010 that extend valuable tax breaks and incentives in the U.S. It explains that the enhanced small business expensing, which is commonly known as Section 179, allows businesses to write off the entire...

  • Owners use tax incentives in Small Business Jobs and Credit Act.  // Chicago Citizen - South End Edition;11/3/2010, Vol. 43 Issue 39, p4 

    The article reports on the Small Business Jobs and Credit Act or the Small Business Lending Fund Act of 2010 which offers loans and tax incentives for small businesses in the U.S.

  • OPINION.  // Crain's Detroit Business;3/31/32014, Vol. 30 Issue 13, p0008 

    The author comments on the move to restore tax credits in Michigan with the passage of bills that would reinstate credits for donations to public broadcasting stations, higher education facilities, colleges, universities, university fundraising groups, public libraries and museums and publicly...

  • Erosion of Section 936 funds has minimal consequences. Valentin-Mari, Jeffry // Caribbean Business;8/24/2000, Vol. 28 Issue 33, p32 

    Discusses the impact of the elimination of federal tax incentives in Puerto Rico. Analysts' initial concern that the move would be disastrous for the island's financial system; Legislation by the United States Congress of provision exempting manufacturing companies from paying federal income...

  • Clawback provisions won't hurt biz attraction. Hicks, Mike // Indianapolis Business Journal;3/30/2009, Vol. 30 Issue 4, p37A 

    The author offers his analysis regarding the provision in the House Bill 1338 proposed in the Indiana House, which affects the state's tax-incentive program. He says that the bill introduces changes such as requiring businesses that receive tax incentives but have failed to meet stated goals to...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics