"On December 15, 2014, the PR Treasury published Tax Policy Circular Letter 14-05, announcing the limits applicable to Puerto Rico for 2015, including the limits that are incorporated into the Puerto Rico Internal Revenue Code from the U.S. Internal Revenue Code.... Senate Bill P.S. 1189 seeks to extend window period to pre-pay at a reduced rate the tax amounts accumulated under a retirement plan... [The authors] have confirmed with the PR Treasury that an amendment to reflect the outcome of the Windsor decision and the IRS guidance is considered a 'qualification amendment' and, therefore, must be submitted for qualification with the PR Treasury."  MORE >>