incentives

According to the Puerto Rico Tourism Company, the housing units proposed for the project outnumber the tourist lodging units by a ratio of two to one. The agency recommended that the developer reduce the number of residences to qualify for more tax credits.

The legal action follows the agency’s failure to provide public data on incentives, exemptions, and decrees granted to tourism-related businesses under Puerto Rico’s Incentives Code.

El Gobierno prometió mano dura contra los infractores, una auditoría a cada beneficiario y cambios a la ley para requerir mayor inversión en Puerto Rico para otorgar el incentivo.