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prima:Proposed changes to Puerto Rico’s “opportunity zones” and tax on foreign-controlled businesses

Senate Finance Committee leader suggested new language for tax reconciliation bill

June 19, 2025 - 11:02 AM

Senate Finance Committee Chairman Mike Crapo, R-Mike Crapo, released his contributory language for the tax reconciliation bill with President Donald Trump's priorities (The Associated Press)

Washington D.C. - The Senate Republican leadership proposed to end the preferences that Puerto Rico has had in accessing the “Opportunity Zones” program, which, despite generating hundreds of millions of dollars in investments on Puerto Rican soil and being strongly promoted by island authorities, has had a very limited impact in the past seven and a half years.

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