Treasury Secretary Francisco Paris Alesia predicted that the next tax cycle could be a historic one.

This is due to the possibility of distributing business loans that would inject $800 million into the pockets of citizens.

Paris Alicia stated that he held a meeting on Wednesday with the heads of the financial committees in both legislative bodies on this subject.

“We have established our approach to achieve compliance with the legislative intent and vision [gobernador]. I appreciate the openness to accepting our recommendations so that this legislation can be implemented in a comprehensive and coordinated manner for the benefit of our taxpayers.”

On the other hand, he announced that Governor Pedro Pierluisi had asked Hacienda to reach consensus on implementing a program that would mean distributing credit-for-work to thousands of Puerto Rican families.

#minimum | We are closer to a historic next tax cycle in the interest of the people.

Business credit means $800 million in your pockets in an agile and efficient manner.# omega

Francisco Paris Alicia (@SecHacienda) June 24, 2021

I appreciate the openness to accepting our recommendations so that this legislation can be implemented in a comprehensive and coordinated manner for the benefit of our taxpayers. At the same time, I have already spoken to several of the association’s spokespersons to get their support.

Francisco Paris Alicia (@SecHacienda) June 24, 2021

We recommend the following: