Many parts of Puerto Rico
are flooded and more than 3 million people don't have electricity.
An individual will be considered to meet the presence test if one of five tests is met: 1) The individual is present in Puerto Rico
for at least 183 days during the taxable year; 2) the individual is present in Puerto Rico
for at least 549 days during the three-year period consisting of the current taxable year and two immediately preceding taxable years, provided that the individual is present in Puerto Rico
for at least 60 days during each of those years; 3) the individual is present in the U.S.
Current Puerto Rico
holdings are concentrated in the sales tax-backed COFINA credit and the GO and GO guaranteed credits, which in aggregate account for close to 50% of total Puerto Rico
allocations across the funds.
Triple-S notes in the general description of its business in its Form 10-K report that it does most of its business in Puerto Rico
, and that the government of Puerto Rico
"has faced a number of fiscal challenges," including $69.9 billion in public sector debt as of Sept.
The announced awards are up to $25,000 each and will leverage commitments from the selected universities to increase student mobility, address institutional barriers that prevent students from studying abroad, and promote study between Puerto Rico
and the Americas.
On July 25, 1898, during the Spanish-American War, the US invaded Puerto Rico
with a landing at GuEinica.
The authors note that 17 American states have experienced post-World War II population losses like that of Puerto Rico
in that they lasted at least 5 years.
Market Vectors High Yield Municipal Index ETF (HYD) has a 3.2% exposure to Puerto Rico
debt; Market Vectors Short High-Yield Municipal Index ETF (SHYD) has a 4.5% weighting, and SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) a 14% weighting, according to Rosenbluth.
Act 22, the Individual Investors Act, was designed to primarily attract high net worth investors to Puerto Rico
by providing complete tax exceptions on dividends, interest and capital gains, so long as the individual is present for at least 183 days a year (half the year) in Puerto Rico
The new bona fide resident must not have been a resident of Puerto Rico
at any time during the 15-year period preceding the effective date of Act 22 (i.e., between Jan.
Governor Wanda Vazquez declared a state of emergency late on Monday.
The storm made proper landfall Tuesday morning, hitting the Lesser Antilles islands south of Puerto Rico
with wind gusts of 55 mph and heavy rain.