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Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico.
Many of the Laws of Puerto Rico (Leyes de Puerto Rico) are modeled after the Spanish Civil Code, which is part of the Law of Spain. [2]After the U.S. government assumed control of Puerto Rico in 1901, it initiated legal reforms resulting in the adoption of codes of criminal law, criminal procedure, and civil procedure modeled after those then in effect in California.
[24] [25] "Without action before April, Puerto Rico’s ability to execute contracts for Fiscal Year 2018 with its managed care organizations will be threatened, thereby putting at risk beginning July 1, 2017 the health care of up to 900,000 poor U.S. citizens living in Puerto Rico", according to a letter sent to Congress by the Secretary of ...
On November 5, 2024, Puerto Rico held a non-binding referendum alongside the 2024 Puerto Rican general election and the 2024 United States elections. This was the seventh referendum held on the long-standing, ongoing debate about the political status of Puerto Rico, with the previous one having taken place in 2020.
[3] The law increased the minimum wage from 7.25 to $10.50 per hour (or higher) by 1 July 2024; allows Puerto Rico’s minimum wage to prevail over the federal minimum wage if Puerto Rico's is higher; created the Minimum Wage Review Commission within the Department of Labor and Human Resources which will review and increase the minimum wage ...
After Puerto Rico was ceded to the United States on July 25, 1898, as part of the Spanish–American War, a military government was imposed archipelago. [3] This was until April 12, 1900, when the U.S. Congress approved the first civil government for Puerto Rico under the federal Foraker Act.
The Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico.
The Puerto Rico Department of Justice (PR DOJ) (Spanish: Departamento de Justicia de Puerto Rico) is the Executive Department of the Commonwealth of Puerto Rico responsible for the enforcement of the local law in the commonwealth and the administration of justice. The Department is equivalent to the State Bureau of Investigation in many US states.