P.R. Laws tit. 29, § 2102
A wage incentive is hereby established of fifty percent (50%) of the hourly wage, up to two dollars and seventy five cents ($2.75) per hour, for a minimum of thirty two (32) hours a week, up to a maximum of forty (40) hours a week, excluding fringe benefits. This incentive shall be granted to qualified businesses according to the parameters of this chapter and the regulations approved to such effect, for a maximum term of one (1) year for each participant. The owner of a self employment business established in the urban center, as it is defined in this chapter, may request the benefit as his/her own salary.
The businesses may enjoy this benefit for one (1) year per participant, up to a maximum of fifteen (15) direct employment certificates per year. Those businesses whose operations are located in urban municipal centers, as defined in § 2101 of this title, may avail themselves of up to twenty-five (25) direct employment certificates per year.
This benefit may be extended for an additional year to those businesses that meet a minimum of seventy five percent (75%) retention of employees. Each business shall be a beneficiary of the program of up to a maximum of two (2) years.
For the purposes of calculating the maximum number of years that a business may benefit from the Program, it must receive the benefits for two (2) consecutive years, unless it is shown that the enterprise that is interested in participating in the Program is other than the business that requested the extension the previous year, in which case, the two (2) years term shall begin anew.
History —June 17, 1996, No. 54, § 3; Aug. 19, 1997, No. 90, § 2; renumbered as § 4 by § 2 and amended by § 5 on Aug. 20, 2003, No. 202.