Senate President Thomas Rivera Schatz stated Senate Bill 1514 will retain 2018 Opportunity Zone designations for local Puerto Rican incentives regardless of federal law changes. ^[1] The Puerto Rico Senate Innovation, Reform and Appointments Committee held a public hearing to evaluate Senate Bill 1514 regarding Opportunity Zone incentives. ^[2] DDEC, Puerto Rico Department of Housing, Builders Association, and Industrialists Association formally supported Senate Bill 1514. ^[3] Senate Bill 1514 would preserve an 18.5% preferential income tax rate and transferable investment credits from 5% to 25% for eligible projects. ^[4] The 2025 US federal One Big Beautiful Bill Act established 10-year Opportunity Zone designation cycles starting 2027 and limited Puerto Rico to 25% of eligible census tracts. ^[5] DDEC stated 49 official decrees have been issued under the Opportunity Zone program, with no economic impact data released. ^[6]