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Future of Bill to Eliminate the Inventory Tax is Uncertain

Nearly ten years after efforts to eliminate the tax began, the battle between the Legislature, CRIM, mayors, the Oversight Board, and the private sector remains.

29 de marzo de 2024 - 3:44 PM

En su campaña para derogar el impuesto al inventario, las asociaciones empresariales han indicado que dicho impuesto genera $168 millones, cifra que el alcalde de Bayamón tildó como incorrecta. (GFR Media)
The House Bill 1798, which aims to eliminate the inventory tax after six years, is currently under evaluation by the Senate, which will be gathering recommendations from all parties.

The future of House Bill 1798 seeking to eliminate the inventory tax after six years is uncertain since, according to Senate President José Luis Dalmau Santiago, the measure “did not have the votes” in that chamber because it did not provide alternatives to offset municipal government revenues.

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