LifeGene BioMarks Receives Puerto Rico Tax Incentives

The Puerto Rico Department of Economic Development has approved LifeGene Biomarks, Inc. for Puerto Rico Act 60 tax incentives. The benefits of Act 60 include:

  • 50% tax credits on all R&D
  • 50% Tax credits on manufacturing
  • 4% corporate tax rate
  • 0% tax rate on dividend distribution
  • Low Rate Financing