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https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-14/part-a/chapter-801/8001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750)›PART A - Tax Reform of 1994 (§§ 8001 — 8005)›Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005)›§ 8001 - Title | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8001 - Title | Sections 8001 to 8005 of this title shall be known as the “Tax Reform Enabling Act of 1994”.
History —Sept. 26, 1994, No. 109, § 1. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-14/part-a/chapter-801/8002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750)›PART A - Tax Reform of 1994 (§§ 8001 — 8005)›Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005)›§ 8002 - Policy | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8002 - Policy | There is the conviction and the evidence that shows that the tax system of Puerto Rico is not fair, in relative as well as in absolute terms, which motivates a considerable number of taxpayers to evade sharing the responsibility of financing the State’s operations. Moreover, the system is a complex one because of the m... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-14/part-a/chapter-801/8003/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750)›PART A - Tax Reform of 1994 (§§ 8001 — 8005)›Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005)›§ 8003 - Goals | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8003 - Goals | The legislation that restructures the tax system shall be based on the relative and interrelated compliance of the following objectives:
(a) Each person or economic entity shall contribute to the State Treasury according to his/her/its capacity to pay taxes, which implies that individuals in like circumstances shall pa... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-14/part-a/chapter-801/8004/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750)›PART A - Tax Reform of 1994 (§§ 8001 — 8005)›Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005)›§ 8004 - Implementatio... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8004 - Implementation | (a) The tax system shall be developed as an integrated unit and not as a group of separate and independent provisions.
(b) A taxpayer’s bill of rights shall be promulgated, which shall define their rights and guarantee fair administration of the tax activity.
(c) To expand the tax base by incorporating persons or entit... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-14/part-a/chapter-801/8005/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750)›PART A - Tax Reform of 1994 (§§ 8001 — 8005)›Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005)›§ 8005 - Bill | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8005 - Bill | The Governor shall present a bill to the Legislature for its consideration that contemplates a tax reform pursuant to the purposes and principles stated in this chapter, and with the constitutional provisions applicable to this kind of legislation.
History —Sept. 26, 1994, No. 109, § 5. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10001 - Exemptions | (a) Exempted business is exempt from income tax upon its industrial development income derived during the ten years following the date of the commencement of its operations as determined jointly by the Secretary of the Treasury and the Economic Development Administrator of the Commonwealth of Puerto Rico, or by the Gov... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10002 - Definitions | (a) Industrial development income. — Industrial development income shall be:
(1) The net income derived from the production of a manufactured product that gives rise to the exemption of an exempted business under clauses (1), (2) and (3) of subsection (d) of this section.
(2) The net income derived under clause (4) of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10003/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10003 - Distributions | (a) The distribution of dividends or profits by a corporation or partnership that is an exempted business, if made from the industrial development income derived during the first seven (7) years of its operations covered by the exemption, and paid to the following stockholders or partners, shall be exempt from income t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10004/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10004 - Liquidation of ex... | If on or before the expiration of [a] tax exemption of any exempted business any property, including money, is received by a domestic or foreign corporation (herein called the transferee) on complete liquidation of such exempted business (herein called the transferor) no income tax shall be assessed on or be paid by th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10005/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10005 - Administration | (a) Applications. — Any natural or [juridical] person who has established or proposes to establish in Puerto Rico an eligible business, may apply to the Governor of Puerto Rico for the benefits of §§ 10001—10011 of this title. The grants of tax exemption under §§ 10001—10011 of this title shall be considered in the nat... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10006/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10006 - Transfer of an ex... | (a) General rule. — If a tax exemption grant or shares of stock or any partnership participation in the exempted business are transferred without the previous written approval of the Governor of Puerto Rico, the exemption shall be subject to revocation, except in the cases specified in subsection (b). Notwithstanding t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10007/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10007 - Eligibility of pr... | No business which has enjoyed or is enjoying tax exemption under Act No. 184 of the Legislature of Puerto Rico, approved May 13, 1948, as amended, shall be entitled or shall otherwise be eligible for tax exemption under §§ 10001—10011 of this title, except that:
(a) If such a business shall have enjoyed less than ten (... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10008/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10008 - Denial of tax exe... | (a) Denial or forfeiture of exemption in certain cases. — No person shall be entitled to any tax exemption under §§ 10001—10011 of this title if:
(1) A predecessor exempted business, as defined in subsection (b) of this section, is dissolved, liquidated, or otherwise ceases to operate prior to the filing by such person... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10009/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10009 - Appeals | Any grantee adversely affected or aggrieved by any action taken by the Governor of Puerto Rico revoking and/or cancelling a tax exemption grant under the foregoing §§ 10005(d)(2) and 10008 of this title, shall be entitled to judicial review thereof by filing an appeal with the Court of First Instance of Puerto Rico, Sa... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10010/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10010 - Limited effective... | The tax exemptions granted and the petitions for tax exemptions filed with the Industrial Tax Exemption Office not later than the date of effectiveness of this act of this title shall continue to be subject to and to be processed in accordance with the provisions of Act 184 of May 13, 1948, subsequently amended.
Histor... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-901/10011/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10011 - Effective date; t... | Sections 10001—10011 of this title shall be effective as of January 1, 1954. Applications for tax exemption under §§ 10001—10011 of this title will be received by the Industrial Tax Exemption Office herein provided until midnight of December 31, 1963; after such date and hour no further applications for tax exemption u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10012/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10012 - Exemptions | (a) Exemption with respect to industrial development income. —
(1) Exempted business that may be established in a “high industrial development zone”, as the latter is described in this chapter, is exempt from income tax upon its industrial development income derived during the ten (10) years following the date of the c... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10013/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10013 - Definitions | (a) Industrial development income. — Industrial development income shall be:
(1) The net income derived from the production of a manufactured product that gives rise to the exemption of an exempted business under clauses (1), (2) and (3) of subsection (d) of this section.
(2) The net income derived under clause (4) of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10014/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10014 - Distributions | (a) The distribution of dividends or profits by a corporation or partnership that is an exempted business, or by a corporation or partnership as defined in part of Act June 29, 1954, No. 91, § 411, as amended, that is a partner of an exempted business, if made from the industrial development income derived from the dat... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10015/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10015 - Liquidation of ex... | If on or before the expiration of tax exemption of any exempted business any property, including money, is received by a domestic or foreign corporation (herein called the transferee) on complete liquidation of such exempted business (herein called the transferor) no income tax shall be assessed on or be paid by the tr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10016/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10016 - Administration | (a) Applications. — Any natural or [juridical] person who has established or proposes to establish in Puerto Rico an eligible business, may apply to the Governor of Puerto Rico for the benefits of this chapter. The grants of tax exemption under this chapter shall be considered in the nature of a contract between the gr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10017/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10017 - Transfer of an ex... | (a) General rule. — If a tax exemption grant or shares of stock or any partnership participation in an exempted business are transferred without the prior written approval of the Governor of Puerto Rico, the exemption shall be forfeited on the date the transfer is made, except in the cases specified in subsection (b). ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10018/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10018 - Eligibility of pr... | No business which has enjoyed or is enjoying tax exemption under Act No. 184 of May 13, 1948, as amended, or under §§ 10001—10011 of this title, shall be entitled or shall otherwise be eligible for tax exemption under this chapter except that:
(a) If such business applied for exemption under §§ 10001—10011 of this titl... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10019/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10019 - Denial of tax exe... | (a) Denial or forfeiture of exemption in certain cases. — No person shall be entitled to any tax exemption under this chapter if:
(1) A predecessor exempted business, as defined in subsection (b) of this section, is dissolved, liquidated, or otherwise ceases to operate prior to the filing by such person of an applicati... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10020/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10020 - Use of previously... | The applicant for tax exemption or for exempted business, may use in the industrial unit or hotel established or to be established, physical facilities including but without limitation, land, buildings, machinery, equipment, inventory, supplies, trademarks, licenses, marketing outlets, having a value of ten thousand do... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10021/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10021 - Appeals | Any grantee adversely affected or aggrieved by any action taken by the Governor of Puerto Rico revoking and/or cancelling a tax exemption grant under §§ 10016(d)(2) and 10019 of this title, shall be entitled to judicial review thereof by filing an appeal with the Court of First Instance of Puerto Rico, San Juan Section... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10022/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10022 - Applications for ... | No applications for tax exemption under §§ 10001—10011 of this title, shall be received after the effective date of this act. Applications for tax exemption filed before or after January 1, 1963, under §§ 10001—10011 of this title, which have not been granted before the effective date of this act, may be processed, at ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-902/10023/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10023 - Effective date; t... | This chapter shall be effective immediately after its approval. Application for tax exemption under this chapter will be received by the Industrial Tax Exemption Office herein provided until midnight of June 30, 1983; after such date and hour no further application for tax exemption under this chapter will be admitted ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10024/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10024 - Short title | This chapter shall be known as the “Puerto Rico Industrial Incentive Act of 1978”.
History —June 2, 1978, No. 26, p. 55, § 1. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10025/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10025 - Definitions | (a) Industrial development income. — Shall be:
(1) The net income of an exempted business derived from an operation declared exempt by this chapter.
(2) The eligible interest, revenues and dividends as defined in subsection (j) of this section.
(3) The distribution of dividends or benefits by a corporation or partnersh... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10026/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10026 - Exemptions | (a) Exemption with respect to industrial development income. — Businesses exempted from industrial development income taxes for the periods specified in subsection (d) of this section are exempted on and after the date their operations commence, as determined under subsection (j) of this same section, under the followi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10027/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10027 - Distributions | (a) Persons qualifying for exempt distributions. — The distribution of dividends or profits by a corporation or partnership which is an exempted business, or by a corporation or partnership that is a partner of an exempted business, shall be exempt from income tax in the same total or partial proportion in which the in... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10028/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10028 - Transfer of an exempted busin... | (a) General rule. — The transfer of a tax exemption concession or shares of stock or the property of, or any other proprietary interest in, an exempted business without the prior written approval of the Governor of Puerto Rico, shall cause the exemption to be forfeited from the date the transfer was made, except in the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10029/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10029 - Liquidation of tax exempted b... | (a) Rules for liquidation of exempted business. — If a person (in this section called the transferee) receives any property, including money, on complete liquidation of an exempted business (in this section called the transferor), no income tax shall be levied on or collected from the transferor or the transferee in co... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10030/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10030 - Successor business | (a) Tax exemption concessions to successor businesses. — A successor business may enjoy the exemptions provided by this chapter as long as:
(1) The predecessor exempted business does not cease to operate for more than six (6) consecutive months prior to or after the filing of the tax exemption application of the succes... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10031/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10031 - Eligibility of previously exe... | No business which has enjoyed or is enjoying tax exemption under former acts shall be eligible for tax exemption under this chapter, except as follows:
(a) In those cases provided for in subsections (i), (m) and (n) of § 10032 and § 10030 of this title.
(b) Any business exempted under former acts, or under this chapter... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10032/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10032 - Refusal, revocation and limit... | (a) Refusal if not for the benefit of the people of Puerto Rico. — The Governor may refuse any application for tax exemption, notwithstanding the eligibility of the petitioning business under any of the provisions of this chapter, if, on the basis of the facts submitted for his consideration by the agencies reporting o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10033/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10033 - Administration; tax exemption... | (a) Industrial Tax Exemption Office. — The Industrial Tax Exemption Office is hereby established, which was previously created and named as an agency directly responsible to the Governor, under §§ 221—238, §§ 10001—10011 and §§ 10012—10023 of this title. This Office shall be directed and administered by a Director, who... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10034/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10034 - Reports and obligations | (a) The exempted business shall be under the obligation to:
(1) Present to the Secretary of the Treasury, pursuant to the provisions of § 447 of this title, a complete list and a correct valuation of all real and personal property declared tax exempt under the provisions of this subtitle, and which said person possesse... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10035/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10035 - Administrative decisions shal... | (a) All decisions and findings of the Governor of Puerto Rico under this chapter shall be final and no judicial or administrative appeal or other proceeding shall lie against the same, unless otherwise specifically provided.
(b) Any recipient adversely affected or aggrieved by any action taken by the Governor to revoke... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10036/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10036 - Applications for exemption un... | No applications for tax exemption under §§ 10012—10023 of this title shall be received after the effective date of this act. Applications filed under said sections which have not been granted before the effective date of this act may be processed under this chapter at the option of the applicant.
History —June 2, 1978,... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-903/10037/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10037 - Effective date; termination | This act shall be effective immediately after its approval. Applications for tax exemption under this chapter will be received by the Industrial Tax Exemption Office established hereunder until June 30, 1988; after said date no new tax exemption applications will be admitted for consideration under this chapter. Provid... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10038/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10038 - Short title | This chapter shall be known as the “Puerto Rico Tax Incentives Act”.
History —Jan. 24, 1987, No. 8, p. 949, § 1. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10039/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10039 - Definitions | For purposes of this chapter, the following terms, phrases and words shall have the meaning expressed below:
(a) Industrial development income. — Shall be:
(1) The net income of an exempted business derived from the operations declared exempt by this chapter.
(2) The income from certain investment activities eligible u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10040/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10040 - Exemptions | (a) Exemption on industrial development income. — Exempted businesses shall enjoy tax exemption on ninety percent (90%) of their industrial development income during the entire corresponding period as provided and after the date of commencement of operations as determined under subsections (d) and (n) of this section, ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10041/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10041 - Option regarding income... | Every exempted business under the provisions of this chapter or under the provisions of prior industrial incentive acts, may choose the option of paying the tax provided under subsection (a) of this section, subject to certain credits for its industrial development income investments, in lieu of the income tax applicab... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10042/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10042 - Distributions | (a) General rule. — Stockholders or partners of a corporation or partnership that is an exempted business (except as provided in subsections (h) and (i)(5) and (6) of § 10040 of this title), shall be subject to a ten percent (10%) tax on the distributions of dividends or profits from the industrial development income o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10043/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10043 - Exempted business—Trans... | (a) General rule. — The transfer of a tax exemption grant or of the stock, property or other proprietary interest in an exempted business, shall be approved [in advance] by the Secretary of the State. If any such transfers are made without his/her prior approval, the exemption grant shall be annulled from the date the ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10044/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10044 - Exempted businesses—Liq... | (a) General rule. — If at the time of a total liquidation of an exempted business (hereinafter transferor), said transferor had all or part of its accrued surplus from industrial development income subject to taxation by withholding as provided in § 10042 of this title, if it had distributed the same as dividends on th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10045/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10045 - Successor business | (a) A successor business may enjoy the exemptions provided by this chapter when:
(1) The predecessor exempted business has not ceased operations for more than six (6) consecutive months prior to filing the application for exemption of the successor business or during the exemption period of the successor business, unle... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10046/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10046 - Refusal, [revocation] a... | (a) Refusal if not for the benefit of the Commonwealth of Puerto Rico. — The Secretary of State may refuse any application when he/she determines that such concession is not in the best economic and social interests of the Commonwealth of Puerto Rico, after considering the nature of the physical facilities, the number ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10047/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10047 - Administration; tax exe... | (a) Office of Industrial Tax Exemption. — The Office of Industrial Tax Exemption, attached to the Department of State, is hereby created. This Office shall be directed and administered by a Director who shall be appointed by the Secretary of State with the consent of the Governor. The Director shall exercise the powers... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10048/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10048 - Reports required from e... | (a) Regardless of the amount of its gross or net income, every exempted business shall file an annual income tax return with the Secretary of the Treasury, separate from any other return it is required to file, with regard to the business operations of the exempted business and in accordance with the Income Tax Act in ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10049/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10049 - Administrative decision... | (a) All decisions and findings of the Secretary of State under this chapter shall be final and binding and no judicial or administrative review or other action shall proceed against the same unless otherwise specifically provided.
(b) Any grantee adversely affected or injured by any action taken by the Secretary of Sta... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10050/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10050 - Special account | The fees and charges prescribed in §§ 10047(e) and 10048 of this title shall be covered into a Special Account created to such effects in the Department of the Treasury, for the purpose of defraying the regular operating expenses of the Industrial Tax Exemption Office. Prior to using the resources deposited in the Spec... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10051/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10051 - Payment of fees | The payment of the fees and charges prescribed in §§ 10047(e) and 10048(c) shall apply to the applicants and concessionaires covered by the decrees granted under the provisions of the different tax incentive acts in effect, to wit: this chapter, §§ 10024 et seq., 10012 et seq., 254 et seq., former 6006 and 6021a of thi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-i/chapter-904/10052/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART I - Industrial Incentives (§§ 10001 — 10052)›Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10052 - Application for exempti... | No applications for tax exemption under §§ 10024 et seq. of this title shall be received after the effective date of this act; however, the decrees granted thereunder may be amended pursuant to its provisions. Applications filed under said sections which have not been granted before the effective date of this act may b... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10101/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10101 - Definitions | For the purposes of this part, the following terms, phrases and words shall have the meaning expressed below:
(a) Industrial development income.—
(1) The net income of an exempted business derived from an operation declared as exempted under this part, computed according to Subtitle A of Act No. 120 of October 31, 1994... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10102/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10102 - Fixed tax rate on industrial ... | (a) Fixed tax rate. —
(1) Exempted businesses that hold a decree granted under this part shall be subject to a fixed income tax rate of seven percent (7%) on their industrial development income, excluding income from investments described in § 10101(j) of this title, for the entire corresponding period as provided, and... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10103/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10103 - Special deductions | (a) Payroll deduction. —
(1) In addition to any other deduction provided by law, all exempted businesses holding a decree granted under this part which are engaged in manufacture and generate a net income from their exempted operations computed without taking into account the benefit of special deductions provided in t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10104/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10104 - Credits | (a) Credit for losses of the parent company. — An exempted business that holds a decree granted under this part which is a subsidiary of a United States parent company, which, after consolidating the income of the exempted business shows a loss on their consolidated federal income tax return (applying the amount of any... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10104a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10104a - Industrial investment credit | (a) General rule. — Subject to the provisions of subsection (b) of this section, every investor may claim a credit for industrial investment, equal to fifty percent (50%) of his eligible investment made after this law’s approval, to be taken in two (2) installments: the first half of said credit on the year when the el... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10105/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10105 - Exemptions | (a) Exemption on municipal and commonwealth real and personal property taxes. — The real and personal property of the exempted business that holds a decree granted under this part used for the development, organization, construction, establishment or operation of the activity that motivates the exemption, as well as th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10106/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10106 - Distributions; sale or exchan... | (a) Stockholders or partners of a corporation or partnership which is an exempted business that holds a decree granted under this part, shall not be subject to income taxes on distributions of industrial development dividends or profits of the exempted business.
Subsequent distributions of industrial development income... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10107/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10107 - Renegotiations, conversions a... | (a) Renegotiation of decrees in effect. —
(1) Any exempted business may request that the Secretary of State consider renegotiating its grant in effect if said exempted business is able to show that it will increase the average employment it has had during the past three (3) taxable years prior to the date of filing the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10108/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10108 - Transfer of exempted business | (a) General rule. — The transfer of a tax exemption grant or the stock, property or other interest on property of an exempted business that holds a decree granted under this part must be previously approved by the Secretary of State. If the same is carried out without previous approval, the exemption grant shall be ren... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10109/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10109 - Liquidation | (a) General rule. — No income tax shall be levied on or collected from the transferor or transferee with regard to the total liquidation of an exempted business which has obtained a decree under this part, on or before the expiration date of the decree, provided the following requirements are met:
(1) All property dist... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10110/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10110 - Successor business | (a) General rule. — A successor business may avail itself of the provisions of this part, provided that:
(1) The predecessor business has not ceased operations for more than six (6) consecutive months before filing the exemption application of the successor business, or during the exemption period of the successor busi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10111/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10111 - Denial, revocation and limita... | (a) Denial if not for the benefit of Puerto Rico. — The Secretary of State may deny any application if he/she determines that the exemption is not for the best social and economic interests of Puerto Rico after considering the nature of the physical facilities, the number of jobs, the amount of the payroll and the inve... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10112/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10112 - Administration, granting of t... | (a) Industrial Tax Exemption Office. — The Industrial Tax Exemption Office shall be attached to the Department of State. Said Tax Exemption Office shall be directed by a Director, who shall be appointed by the Secretary of State, with the approval of the Governor. The Director shall exercise the powers, perform the dut... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10113/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10113 - Reports required from exempte... | (a) All exempted businesses shall file an income tax return each year with the Secretary of the Treasury, regardless of their gross or net income, apart from any other tax return which these are otherwise under the obligation to file with regard to the operations of the industry covered by the benefits provided in this... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10114/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10114 - Administrative decisions; fin... | (a) All decisions and determinations of the Secretary of State under this part shall be final and no judicial or administrative review or any other recourse shall proceed, unless otherwise specifically provided.
(b) Any grantee adversely affected or damaged by any action taken by the Secretary of State to revoke and/or... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10115/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10115 - Special accounts and funds | (a) Special account of the Industrial Tax Exemption Office. — The fees, charges and penalties prescribed in § 10112(e) of this title, and subsections (d) and (f) of § 10113 of this title, shall be covered into a special account created for such purpose in the Department of the Treasury in order to defray the regular op... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10116/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10116 - Payment of fees | The payment of fees and charges prescribed in §§ 10112(e) and 10113(d) of this title shall apply to the applicants and grantees covered by decrees granted under the provisions of the various tax incentive laws, to wit: this part, and §§ 10038—10052 of this title, §§ 10024—10037 of this title, and §§ 10012—10023 of this... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10116a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10116a - Appropriation to special fun... | The moneys collected in respect of the excess of the ten percent (10%) or the fifteen percent (15%) maximum tax by virtue of the provisions of this part, shall be covered into the Special Fund created by the “Act to Impose the Supertax of 2006”, including matters relative to the authorization granted to the President o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-ii/chapter-905/10117/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117)›Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART II - Tax Incentives Act of 1998 (§§ 10101 — 10117) › Chapter 905 - Tax Incentives Act of 1998 (§§ 10101 — 10117) › § 10117 - Decrees granted under precedi... | No applications for exemption under §§ 10038—10052 of this title shall be received after the effective date of this act. However, the decrees granted thereunder or under similar preceding laws may be amended in accordance with their respective provisions. Applications for new decrees filed under said law which have not... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10401/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10401 - Public policy | This chapter has the purpose of declaring as the public policy of Puerto Rico, to give the highest priority to agriculture in all affairs of the government of Puerto Rico and its instrumentalities, political subdivisions, municipalities and public corporations, the elimination of duties, restrictions, costs, real and m... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10401a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10401a - Governing principles for the gran... | In the evaluation, analysis, consideration, award, renegotiation, and revision of any incentives or benefits granted under this chapter, the Department of Agriculture of Puerto Rico and the Secretary thereof shall be required to oversee and ensure compliance with the following governing principles as provided below:
(a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10402/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10402 - Definitions | For the purposes of this chapter, the following terms and phrases shall have the meaning and scope stated below:
(a) Bona fide farmers. — Shall mean every natural or juridical person who during the taxable year for which he/she claims the deductions, exemptions, or benefits provided by this chapter, has a certificate i... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10403/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10403 - Rulemaking Authority | The Secretary of Agriculture, with the advice of the Secretary of the Treasury, shall adopt regulations as are necessary for the implementation and oversight of this chapter.
History —Dec. 1, 1995, No. 225, § 4; Apr. 30, 1996, No. 35, § 2; Nov. 17, 2015, No. 187, § 51. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10404/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10404 - Duties of the Secretary of the Dep... | In the evaluation, analysis, consideration, award, renegotiation, and revision of any incentives or benefits granted under this chapter, the Department of Agriculture and the Secretary thereof shall be required to oversee and ensure compliance with the governing principles set forth in § 10401a of this title, as well a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10404a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10404a - New agricultural entrepreneurs | In the case of new farmers or agricultural entrepreneurs, who do not qualify for the bona fide farmer certificate, the Secretary of Agriculture with the approval of the Secretary of the Treasury, shall establish through regulations, the requirements and procedures to be followed of the benefits of this chapter.
History... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10405/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10405 - Excises | (a) Bona fide farmers are hereby exempted from the payment of all types of excises for the following articles, when they introduce or acquire them, directly or indirectly, for use in their agricultural business:
(1) Incubators and breeding places for poultry and other animals; articles for the breeding and development ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10406/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10406 - Exemption from property taxes | All real and personal property, including land, buildings, equipment, accessories and vehicles owned, leased, or held in usufruct by bona fide farmers, and used intensively in the agricultural business, shall be exempted from the payment of all types of property taxes and levies corresponding to January 1, 1996, and th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10407/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10407 - Exemption from municipal taxes | Bona fide farmers are hereby exempted from the payment of any and all types of municipal license taxes, fees and liens imposed on their intensive agricultural business activities, for all taxable years commencing on and after January 1, 1996.
New farmers and agricultural entrepreneurs shall be subject to the provisions... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10408/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10408 - Exemption from income tax | (a) For the taxable years commencing on January 1, 1996, bona fide farmers are hereby exempted from the payment of income taxes on ninety percent (90%) of their income derived directly from the agricultural business, provided that the bona fide farmer has not availed him/herself of the provisions of Section 1023(s) of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10408a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10408a - Documents and the Puerto Rico Pro... | Bona fide farmers are hereby exempted from the payment of Internal Revenue stamps and registry fees in the execution of documents and registration in the Puerto Rico Property Registry, including but not limited to the options, segregation, buying and selling, assignment, exchange, gift, usufruct and/or personal [proper... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10409/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10409 - Tax credit for investment in agric... | (a) Subject to the provisions of subsection (c) of this section, every investor, including a participant in a fund, shall be entitled to an investment credit in eligible agricultural businesses equal to fifty percent (50%) of his/her eligible investment or his/her investment in shares of a securities fund or funds shar... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-941/10410/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 941 - Agriculture Tax Incentives (§§ 10401 — 10410) › § 10410 - Elimination of the tax credit for ... | The tax credits for investments in agricultural businesses described in § 10409 of this title, shall no longer be granted as of the date of approval of this act. Any endorsement issued by the Secretary of Agriculture with respect to an investment that had generated tax credits corresponding to the year 2004—2005 or any... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-i/10421/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter I - Preliminary P... | For the purposes of this chapter, the following terms and phrases shall have the meaning stated hereinbelow, except where the context clearly indicates otherwise, and the terms importing the singular number shall be deemed to include the plural and vice versa:
(1) Eligible activity. — Means:
(a) Any business engaged in... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10422/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | For the purpose of promoting the generation of green energy markets and the development of mechanisms to incentivize the establishment, organization, and operation of green energy production units in Puerto Rico at commercial level, and to stimulate the development of sustainable energy systems that further energy use ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10423/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) A special fund is hereby created and established to be denominated the Green Energy Fund of Puerto Rico, separate from the General Fund of the Government of Puerto Rico. The Department of the Treasury shall establish said fund as a special fund, separate from other government funds, as provided hereinbelow:
(1) Sta... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10424/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) In addition to the Special Deposit set forth in § 10423(a) of this title, the Green Energy Fund shall be authorized to request and receive any state or federal funds available for the purposes for which it was created, and may receive funds from donations by private nongovernmental entities engaged in development, ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10425/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) The Green Energy Fund may acquire, sell, and otherwise lawfully transfer or use the RECs for any present or future public purpose of commercial, financial, or industrial nature under any state, federal, or international law, as an acquired commodity that can be disposed of.
(b) The RECs to be issued annually pursua... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10426/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | The Administration may establish, for each processed REC, a reasonable processing fee to be paid by the owner of the REC. The processing fee may be including the value of each processed REC. Any income earned by means of the processing fees imposed shall be used to take the proper and necessary actions that ensure the ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10427/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) The Administration is hereby empowered to administer the Green Energy Fund of Puerto Rico, which shall oversee the development and implementation of green energy sources initiatives, projects, and programs, as established in this chapter.
(b) The Administration shall be charged with the administration of the funds ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10428/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) The operation of the Green Energy Fund shall be under the supervision of an Evaluating Committee composed of three (3) ex officio members, to wit: the Secretary of Development, the President of the Government Development Bank, and the Secretary of the Treasury, or their respective proxies.
(b) The Evaluating Commit... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10429/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) As of the effective date of this act, the following incentives shall be granted to the owners of production units engaged in green energy production and sale based on the production unit capacity and pursuant to the following:
(1) First level. — Small-scale green energy projects:
(A) An incentive shall be granted t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10430/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) Fixed income tax rate. — Exempt businesses that hold a decree granted under this chapter, shall be subject to a four percent (4%) fixed rate on their GEI for the entire corresponding exemption period as provided in this section, from the date of commencement of operations as determined under § 10436 of this title, ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10431/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 942 - Green Energy Incentives Act of Puerto Rico (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 942 - Green Energy Incentives Act of Puerto Rico (§§ 10421 — 10446) › Subchapter II - Green Energy... | (a) Deductions and carry-over of net operating losses. —
(1) Deduction for current losses in activities not covered by an exemption decree. — If an exempt business that holds a decree granted under this chapter incurs a net operating loss other than that of the operation which has been declared exempt under this chapte... |
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Unemployment Word Count by State
Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.
CO Title 8 Word Count
Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.