P.R. Laws tit. 23, § 7011
All businesses or industries established or to be established in Río Piedras Ward, as defined in this chapter, within a period of five (5) years as of the effective date of this act, shall be entitled, for purposes of computing their income tax, to an additional deduction equal to five percent (5%) of the applicable minimum wage of each new job created. This deduction shall be in addition to any other deduction granted by any law and shall be effective for a term of five (5) years. To be entitled to this deduction, it is necessary that the new position created:
(a) Does not eliminate or replace any job existing prior to the approval of this act.
(b) Is a full-time forty-hour-a-week job.
(c) Is held continuously by the same person for a period of not less than six months during a tax year.
History —July 5, 1995, No. 75, § 10.