More Puerto Rico employers who retained workers after hurricanes get tax relief
SAN JUAN – The Puerto Rico Treasury Department will issue a third round of disbursements via an outlay of $48 million to local employers affected by hurricanes Irma and María. Employers can receive up to $1,920 per employee.
The new disbursement corresponds to 1,800 tax-relief requests as part of the federal government’s Disaster Tax Relief and Airport and Airway Extension Act of 2017. Treasury has disbursed a combined $80 million. The first two disbursements totaled $32 million.
“The Department of the Treasury continues educating, processing applications and issuing disbursements to thousands of employers who, during the emergency caused by hurricanes Irma and María, retained their employees and continued to pay salaries, despite all the vicissitudes caused to their businesses and family,” Gov. Ricardo Rosselló said in the news release.
“It is important that business owners claim this benefit. Our commitment is to continue making periodic disbursements so the money reaches…those who need it promptly,” he added.
Treasury Secretary Raúl Maldonado said in the release that a total of 3,367 local employer requests have been paid.
The eligible period for the benefit begins the day the business became inoperable after the passage of either Hurricane Irma or Hurricane María, and ends on the date the business resumed “significant operations” or Dec. 31, 2017, whichever occurred first.
Treasury Deputy Secretary Roxana Cruz reminded that her department conducts seminars and workshops for employers, representatives and specialists throughout the island on the “Benefit to Affected Employers” by the hurricanes.