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Committee approves measure to fund Boquerón improvements using portion of uncommitted IVU
Summary
The House Committee on Finance and Budget approved Proyecto de la Cámara 1696 on June 24, 2024; the bill would use a portion of uncommitted sales-and-use tax (IVU) receipts to create a dedicated account administered by Natural Resources for improvements at the Boquerón beach and vacation center in Cabo Rojo.
The House Committee on Finance and Budget voted to approve Proyecto de la Cámara 1696 on June 24, 2024, a bill that would establish a financing mechanism using a share of uncommitted sales-and-use tax (IVU) receipts to fund development and maintenance projects at the Boquerón beach and vacation center in the municipality of Cabo Rojo.
The measure, presented to the committee by Representative Joel Sánchez Ayala, would amend provisions in the Código de Rentas Internas (Ley 1-2011, as amended) and add provisions to existing park-program law (Ley 107-2014) to create a…
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