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House approves three‑bill fiscal package to align local tax code with federal rules and raise IRA limits
Summary
The legislature approved three measures (Proyecto de la Cámara 499, 502, 503) that align Puerto Rico tax rules with the U.S. Internal Revenue Code, increase contribution limits for certain individual retirement accounts and clarify the principal‑residence capital‑gains exclusion.
The Puerto Rico House approved a three‑bill package on Sept. 11, 2025 — Proyecto de la Cámara 499, 502 and 503 — that the administration presented as part of its fiscal platform to harmonize local tax provisions with the U.S. Internal Revenue Code and to increase permitted contributions to certain retirement and education savings accounts.
Charboniel Chinea (committee chair) summarized the package on the floor, saying the measures mostly "atemperan…
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