Resolution R2023-0005541
Approved
Call on U.S. Congress to clarify U.S. Tax Code to prevent misuse of Puerto Rican tax incentives and negative economic impact on people of Puerto Rico
Auto-generated summary
Chicago's City Council resolution urges Congressional action against misuse of Puerto Rican tax incentives, revealed by an IRS investigation. Misuse has caused Puerto Rican frustrations and economic disparities. Despite investor influx, a Washington Post report indicates limited economic benefits. The resolution advocates U.S. tax code amendments, inter-governmental collaboration, and educational campaigns, and will be sent to local Congressional representatives and the Senate Majority Leader.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Fuentes, Jessica L.Primary Sponsor | Ward 26 |