Tax Credits Proposed for Puerto Rico Pharma

Posted 5/24/24

A bipartisan group of House members have introduced legislation that would provide investment tax credits to encourage the movement of pharmaceutical supply chains back to territories like Puerto Rico and Guam from China.

The Bill states: The critical supply chains reshoring investment credit is an amount equal to 40 percent of the qualified investment with respect to any critical supply chain facility placed in service during such taxable year."  

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