This is the Spanish language highlights associated with GAO-14-31. Conclusiones de la GAODe los 29 programas federales analizados por la GAO (que representaron alrededor del 86 por ciento de los gastos federales para los estados o sus residentes en el 2010), probablemente se afectarían 11 programas si Puerto Rico se convirtiera en estado. En cuanto a otros tres programas, aunque la  estadidad...

Of the 29 federal programs GAO reviewed (which accounted for about 86 percent of federal program spending for states or their residents in fiscal year 2010), statehood would likely affect 11 programs. For 3 other programs, while the programs themselves would likely not change under statehood, eligibility determinations for these programs could be affected indirectly by changes that could occur to...

The federal possessions tax credit, which was designed to encourage U.S. corporate investment in Puerto Rico and other insular areas, expires this year. Proponents of continued federal economic assistance to Puerto Rico have presented a variety of proposals for congressional consideration. In response to a request from the U.S. Senate Committee on Finance, this study compares trends in Puerto Rico...

Pursuant to a congressional request, GAO provided information on the financing of facilities for charter schools, focusing on: (1) the degree to which charter schools have access to traditional public school facility financing; (2) whether alternative sources of facility financing are available to charter schools; and (3) potential options generally available to the federal government if it were t...

Pursuant to a congressional request, GAO estimated the amount of federal income taxes that individuals and corporations in Puerto Rico would pay if the: (1) termination of the Puerto Rican economic activity credit and the change in political status occurred today; and (2) amount and distribution of individual and corporate incomes in Puerto Rico remain similar to what they have been in recent year...

Pursuant to a congressional request, GAO provided information on economic activity in Puerto Rico, before and after the recent changes in tax benefits for corporations operating there, focusing on recent trends in: (1) Puerto Rico's principal economic indicators; (2) investments by U.S. corporations in Puerto Rico that generate tax-exempt, nonbusiness income; and (3) investment and employment prom...

Pursuant to a congressional request, GAO provided information on the potential effects of extending the Internal Revenue Code (IRC) to residents of Puerto Rico.GAO found that if IRC tax rules are applied to residents of Puerto Rico: (1) the residents would owe around $623 million in federal income tax before taking into account the earned income tax credit (EITC); (2) the aggregate amount of EITC...

GAO discussed the distribution of funds to states and existing metropolitan areas (EMA) under the Ryan White Care Act. GAO noted that: (1) the title I and II funding formulas do not meet the beneficiary or taxpayer equity criteria for funds distribution; (2) the funding formulas result in per case funding disparities that are mostly unrelated to service costs or the ability of states and EMA to fu...

GAO discussed the research tax credit. GAO noted that: (1) in tax year 1992, corporations earned slightly over $1.5 billion in research tax credits; (2) most of the corporations were large manufacturers of chemicals, electronic machinery, motor vehicles, and nonelectronic machinery; (3) there is no estimate of the net benefit to society of the additional research the credit has stimulated; (4) the...

GAO discussed the distribution of funds to states and eligible metropolitan areas (EMA) under the Ryan White Comprehensive AIDS Resources Emergency (CARE) Act. GAO noted that: (1) the CARE Act is the only federal program that makes funds available specifically for medical and support services to individuals with acquired immunodeficiency syndrome (AIDS); (2) during fiscal year 1994, over $500 mill...