- Puerto Rican House of Representatives considered Bill No. PC0667 on May 12
- Bill aims to amend the Internal Revenue Code for a New Puerto Rico
- Exempts certain equipment from sales and use tax if used to generate up to 20,000 kilowatts of electricity
- Requires distributors or manufacturers to submit declarations of compliance with industry standards
- Requires certification of guarantees for solar electric equipment and electricity-generating machinery
- Law would take effect immediately upon approval
Source: news.bloombergtax.com
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