Puerto Rico Legislators Narrowly Approve Sales Tax Increase

May 21, 2015 11:40 PM

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Legislation that would increase Puerto Rico's sales tax from 7 percent to 11.5 percent has squeaked by with the minimum amount of votes needed in the island's House of Representatives.

The measure also would create a new 4 percent tax on professional services to help generate revenue amid an economic crisis. Two members from the governor's party voted against the measure Thursday.

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