Puerto Rico Legislators Narrowly Approve Sales Tax Increase

May 21, 2015 11:40 PM

26 0

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.

Also read: House Rejects Farm Bill as Some Conservatives Withhold Support

Read more

To category page