P.R. Laws tit. 21, § 891d
Every business or industry established or to be established in the special economic development zone during a five-year period counting from the effectiveness of this act, shall be entitled to a special deduction on taxable income equal to ten percent (10%) of the applicable minimum wage for each new job created. This deduction shall be in addition to any other granted by law and shall be for a term of five (5) years. In order to be entitled to this deduction, it shall be necessary that the newly created job:
(1) Does not eliminate or substitute a job that existed before or after the approval of this act;
(2) is a full-time time, 40-hour a week job, and
(3) is held continuously by the same person for a period of not less six (6) months of a tax year.
History —Aug. 10, 2002, No. 153, § 6.