P.R. Laws tit. 23, § 5208
(a) Every business or industry established or to be established in Castañer shall be entitled to an additional deduction for wages paid, when computing their income tax, equal to five percent (5%) of the applicable minimum wage for each new job created after the approval of this act. This deduction shall be in addition to any other granted by any other law, and shall be for a term of fifteen (15) years.
(b) In order to be entitled to the deduction granted by this section, it shall be necessary that the new job created:
(1) Does not eliminate or replace an existing job prior to the approval of this act;
(2) is a full-time job of not less than thirty-five (35) hours per week, and
(3) is held by a resident of Castañer for a continuous period of not less than six (6) months of a taxable year, except in those businesses or industries that are temporary or cyclic in nature.
History —Mar. 15, 1996, No. 14, § 10; Aug. 10, 2009, No. 65, § 3.