SR 551 Illinois Senate · 103rd Regular Session

AMEND US TAX CODE/PUERTO RICO

Summary
Urges the United States Congress to take immediate action to clarify and amend the U.S. tax code to prevent the misuse of Puerto Rican tax incentives. Urges any amendments to the tax code to preserve the original intent of promoting economic growth in Puerto Rico while preventing potential misuse and addressing the negative economic impacts on the local population. Encourages collaboration between federal, state, and local governments, as well as with Puerto Rican authorities, to ensure that tax policies are fair, transparent, and effective. Recommends the implementation of educational campaigns to inform the public about the proper use of tax incentives and the potential consequences of misuse in Puerto Rico.
Bill status in committee 1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
Governor
Introduced Oct 24, 2023 Last action Nov 7, 2023
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Total actions
19
Key actions
0
Committee
1
Oct 24, 2023
Committee
Referred to Assignments
lower
1 primary · 17 co-sponsors

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