Revenue Estimates of Proposed Committee Amendment Under S. 712, Puerto Rico Status Referendum Act : Markup Consideration By Senate Committee On Finance On August 1, 1990 Jcx-23-90
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. 54 109 163 218 544 (3) Increase in Individual Taxes on U.S. Citizens in Puerto Rico . 8 23 1. Estimates assume results of election are certified during calendar year 1991. 2. Estimates are not provided for the post-1995 period. -4- TABLE 3. COMMONWEALTH OPTION 1 9 Revenue Table , 1992 Fiscal Years [Millions of Dollars 1993 1994 1995 1992-95 1) Increase Section 936 Active Income Percentage from 75% to 80% in 1995 and 85% in all years after 1995^ .... 30 30 2) Targeted Amount of Reduced Cover-o...ver of Excise Taxes and Customs Duties'* . . . 133 265 368 766 Total Increased Receipts and Reductions in. Cover-overs Under Commonwealth Option . . 133 265 398 796 1. Estimates assume results of election are certified during calendar year 1991. 2. Estimates are not provided for the post-1995 period. 3. The active trade or business percentage is increased to 85% in 1996. The increased revenues from this change are not reflected in this table. 4.
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