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Puerto Rico Tax Shift to Legalize Slot Machines Outside Casinos

  • Lawmaker says bill to boost revenue by $400 million annually
  • Other provisions tax off island companies, including lawyers
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Photographer: Scott Eisen/Bloomberg

Puerto Rico’s lawmakers approved legislation that would vastly overhaul taxation on the island, including through controversial provisions that legalize certain types of still-underground gambling.

The bill, which received final approval by the Senate late Tuesday, would also impose a 29 percent tax on non-island companies that provide services to the Puerto Rican government, including lawyers and financial consultants involved with the commonwealth’s record setting bankruptcy. It now goes to Governor Ricardo Rossello for his signature.