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Federal investment tax incentive proposed in Congress would benefit Puerto Rico and other territories

Republican Congresswoman Nicole Malliotakis introduced the legislation with the support of Republicans and Democrats, including Nydia Velázquez

May 23, 2024 - 9:44 AM

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Puerto Rico Senate President José Luis Dalmau Santiago (right) poses with Democratic Rep. William James Pascrell, Jr. (Twitter)

By José A. Delgado

Corresponsal de El Nuevo Día en Washington D. C.jose.delgado@gfrmedia.com

Washington D.C. - Republican Congresswoman Nicole Malliotakis (New York) introduced legislation on Wednesday that seeks to grant, starting in January 2025, an investment credit of up to 40% to companies that do business in other countries and decide to relocate to Puerto Rico or any of the other U.S. territories.