Minimum Deposit, Investment Requisite Mulled for Act 22 Grantees: DDEC Chief Does Not Rule Out 936-Type Fund Requirement to Make Tax Incentive Better Booster of Puerto Rico Economy.

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    • Subject Terms:
      PUERTO Rico
    • Abstract:
      The article reports that the government of Puerto Rico is considering requiring Act 22 beneficiaries to deposit or invest a minimum amount of capital in the island's financial institutions to make the individual tax incentive a more effective generator of economic activity. It also mentions that the link Act 22 activity with the banking and financial sector of Puerto Rico.