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https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10432/ | 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) Credit for the purchase of products manufactured in Puerto Rico. —
(1) If an exempt business purchases products manufactured in Puerto Rico, including components and accessories, it shall be entitled to a credit against the GEI provided in this chapter, equal to twenty-five percent (25%) of the purchase of said pro... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10433/ | 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 general. — The real and personal property of an exempt business used in the development, organization, construction, establishment or operation of the activity covered under the decree shall have a ninety percent (90%)-exemption on municipal and state real and personal property taxes during the exemption period ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10434/ | 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) Any exempt business that holds a decree granted under this chapter, shall have a sixty percent (60%) exemption on municipal licenses, excises and other municipal taxes levied by any municipal ordinance during the terms provided in this chapter.
(b) The taxable portion under subsection (a) of this section shall be, ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10435/ | 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 any other exemption from excise taxes or the sales and use tax granted under Subtitles B and BB, respectively, of the Internal Revenue Code of Puerto Rico, the following articles introduced or acquired directly or indirectly by a business holding a decree grated under this chapter shall be fully exem... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10436/ | 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) Exemption. — An exempt business that holds a decree granted under this chapter shall enjoy tax exemption for twenty-five (25) years.
(b) Flexible tax exemption. — Exempt businesses shall have the option of choosing the specific taxable years to be covered under their decrees with regard to GEI, provided that they n... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10437/ | 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) General rule. — A successor business may avail itself of the provisions of this chapter, provided that:
(1) The exempt predecessor business has not ceased operations for more than six (6) consecutive months before the filing of the exemption application of the successor business, or during the exemption period of t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10438/ | 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) Governing principles for the granting of incentives.— In the evaluation, analysis, consideration, award, renegotiation, and revision of any incentives or benefits granted under this chapter, the Department of Economic Development and Commerce, the Industrial Tax Exemption Office, and the Director thereof shall be r... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10439/ | 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 general. — The tax exemption decree granted under this chapter shall be deemed to be in the nature of a contract between the grantee, its shareholders, partners or owners, and the Government of Puerto Rico, and shall be deemed to be the governing law between the parties. Said contract shall be construed liberall... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10440/ | 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 general. — Notwithstanding any other report required by law, the Secretary of Development, in consultation with the Secretary of the Treasury, the Director, the Director of Development, the Executive Director, and the Planning Board shall render a yearly report to the Governor and the Legislature on the economic... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10441/ | 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 the case of businesses engaged in eligible activities, as defined in § 10421 of this title, no new exemption decree applications shall be received under § 10642 (d)(1)(E) of this title, with respect to a property devoted to the production of green energy, as defined in this chapter, §§ 10642(d)(1)(H) and 10642(d... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-ii/10442/ | 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 Internal Revenue Code of Puerto Rico shall apply supplementally to this chapter, insofar as the provisions thereof do not contravene with its provisions.
History —July 19, 2010, No. 83, § 2.21. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-iii/10443/ | 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 III - General Pro... | Any person who knowingly furnishes, supplies or sends false or incorrect information in any document, report, application, statement, and/or certification required under this chapter with the intent to commit fraud, shall incur in a fourth degree felony, and upon conviction, he/she may be punished with imprisonment for... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-iii/10444/ | 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 III - General Pro... | No person, including but not limited to any local or municipal government agency or corporation, may issue or impose, whether by regulation, agreement, contract, order or resolution, an endorsement, permit or similar transaction requirement, zoning, qualification, ordinance, or any other legal or discretionary mechanis... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-iii/10445/ | 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 III - General Pro... | (a) Regulations under §§ 10430—10441 of this title. — The Secretary of Development shall draft, in consultation with the Secretary of the Treasury, the Executive Director of the Puerto Rico Industrial Development Company and the Executive Director, those regulations that may be necessary to enforce the provisions of §§... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-942/subchapter-iii/10446/ | 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 III - General Pro... | Any term importing the singular number shall be deemed to include the plural. Likewise, when the use so justifies, the masculine shall be deemed to include the feminine or vice versa.
History —July 19, 2010, No. 83, § 3.5. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10601/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10601 - Definiti... | For the purposes of this chapter, the following terms and phrases shall have the meaning stated below, unless otherwise construable from the context in which they are used:
(a) Agency. — Is any department, administration, bureau, office, instrumentality, or public corporation of the Government of the Commonwealth of Pu... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10602/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10602 - Credit f... | (a) General rule.— Subject to the provisions of this chapter, every petitioner may qualify for a credit for investment in housing infrastructure or infrastructure of regional or municipal impact by the investment made in the construction of infrastructure.
For purposes of computing the credit provided under this chapte... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10603/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10603 - Maximum ... | The Department of Housing, in coordination with the Department of the Treasury, may approve up to fifteen million dollars ($15,000,000.00) in credits for special investment in housing infrastructure and/or infrastructure of regional or municipal impact for each fiscal year. In the event that the Department of Housing u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10604/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10604 - Availabi... | The capacity of use of available infrastructure by third parties, shall be placed at the disposal of the Department of Housing for it to dispose thereof at its complete discretion, pursuant to the best interests of the Commonwealth of Puerto Rico.
The Secretary of Housing is hereby empowered to impose and collect a cha... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10605/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10605 - Applicat... | (a) Application.— Every developer who is interested in obtaining a credit for special investment in housing infrastructure or a credit for investment in infrastructure of regional or municipal impact pursuant to this chapter, shall file an application with the Department of Housing, with a copy to the Department of the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10606/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10606 - Approval... | (a) Criteria. — The Secretary of Housing shall evaluate every application for credits according to the provisions of this chapter and the regulations adopted thereby within one hundred and twenty (120) days after receiving the application. The Secretary of Housing, in the evaluation of the application, must consider th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10607/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10607 - Transfer... | (a) General rule. — The transfer of the credit obtained under this chapter, or of the shares, interest, property or any majority proprietary interest, that constitutes a change of control of the petitioner to another person, shall require the prior approval of the Secretary of Housing with the endorsement of the Secret... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10608/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10608 - Denial, ... | (a) Denial and reconsideration. — The Secretary of Housing may deny any application filed under this chapter when he/she determines in his sound discretion that it is not needed, taking into consideration the facts presented, the nature, condition and extraordinary infrastructure investment to be made, the infrastructu... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10609/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10609 - Administ... | Except when it is otherwise provided in this chapter, the Secretary of Housing shall be in charge of the administration of this chapter, and shall exercise the powers, perform the duties, and shall comply with the obligations imposed by this chapter. The duties established in this chapter, related to income taxes, shal... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10610/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10610 - Penaltie... | In addition to what is provided in § 10608 of this title, the Secretary of Housing may impose an administrative fine of not less than five thousand dollars ($5,000.00), nor more than one hundred thousand dollars, ($100,000.00) for each infraction, on any person who violates any of the provisions of this chapter or the ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10611/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10611 - Regulati... | The Secretary of Housing, together with the Secretary of the Treasury, shall promulgate the necessary regulations to enforce compliance and implement the provisions and purposes of this chapter.
History —Aug. 10, 2001, No. 98, § 13. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-951/10612/ | 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 951 - Tax Credits for Investment in Housing Infras... | 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 951 - Tax Credits for Investment in Housing Infrastructure (§§ 10601 — 10612) › § 10612 - Administ... | Any petitioner who is adversely affected or injured by any action of the Secretary of Housing denying a duly-filed application for the benefits of this chapter, or revoking and canceling a credit approval certificate pursuant to the provisions of this chapter, once the remedy provided in § 10608 of this title is exhaus... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10621/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10621 - De... | For the purposes of this chapter, the terms and phrases defined herein shall have the meanings stated below, unless otherwise construed from the text itself. The terms and phrases used in the singular form shall include the plural, and vice versa.
(a) Agency. — Means any department, administration, bureau, office, inst... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10622/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10622 - Cr... | (a) General rule. — Subject to the provisions of this chapter and the regulations promulgated thereunder and with the exception of the provisions of subsection (b) of this section, every owner of a rental housing project may qualify for a tax credit of fifty cents ($.50) for each dollar ($1.00) of eligible investment u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10623/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10623 - Cr... | (a) General rule. — Credit shall be available to be used by the owner against any tax obligation imposed by Subtitle A of the Internal Revenue Code of 1994, on the date that the Executive Director issues the credit certification. The owner shall have to keep the housing units of the project for which he/she received th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10624/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10624 - Oc... | (a) Rental requirement. — At least seventy-five (75%) percent of the housing units in the project for which tax credits were granted pursuant to this chapter shall be kept rented and occupied by low or moderate income families for a term of at least ten (10) consecutive years, counting from the date on which the Execut... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10625/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10625 - Te... | The new construction or rehabilitation of low cost rental housing units for rent to low or moderate income families must be fully completed in a maximum term of three (3) years and two (2) years, respectively, counting from the date the Executive Director issues the qualification certificate. The Executive Director may... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10626/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10626 - Al... | (a) Allocation, sale or transfer of credit. — The credit provided under this chapter may be wholly or partially allocated, sold or otherwise transferred by the owner to an acquirer only once. For the purposes of this subsection, the change of control of the owner shall not constitute a transfer of the credit provided u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10627/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10627 - Er... | If the authority grants an owner a larger amount of credit than what could be allowed according to the eligible investment, for the new construction or substantial rehabilitation of housing units for rental to low or moderate income families, said excess shall be owed by the owner as taxable income. The Executive Direc... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10628/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10628 - Cr... | (a) Credit limit per year. — Every taxable year, the Secretary of the Treasury shall allocate fifteen million (15,000,00[0]) dollars as the maximum amount of credit available to be distributed pursuant to this chapter; Provided, That the Secretary of the Treasury shall authorize for a particular taxable year and by pet... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10629/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10629 - Ap... | (a) Application.— Every petitioner shall file an application, under oath, in the central offices of the Authority with the documents and information that are required by the regulations that the Executive Director promulgates to such effects. The Executive Director shall remit a copy of the application for credit to th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10630/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10630 - Ev... | (a) Criteria. — The Executive Director shall evaluate every application for credits pursuant to the provisions of this chapter and the regulations adopted thereby, within one hundred twenty (120) days from receipt of the application. In the evaluation of every application for credit the Executive Director may consider ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10631/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10631 - Ch... | (a) General rule. — Any transfer of stock, shares, property or any majority proprietary interest that constitutes a change of control of ownership to another person, and any sale, exchange, gift, or any type of alienation or transfer of title of the housing project or the credit, shall require the prior approval of the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10632/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10632 - De... | (a) Denial and reconsideration. — The Executive Director may deny any application filed under this chapter when he/she determines in his/her best judgment that it does not merit the granting of credit, taking into consideration the facts presented, the criteria provided in this chapter for the evaluation of the applica... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10633/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10633 - Re... | In case of noncompliance with the rental requirement, the maximum rent applicable to housing units, or any other noncompliance of any other obligations and conditions imposed by the qualification certificate, the credit certification, this chapter or by the regulations promulgated thereunder, in which the Executive Dir... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10634/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10634 - Ad... | Except when otherwise provided in this chapter, the Executive Director shall be in charge of the administration of this chapter, of the evaluation of applications, of the determination of eligible investment, of the issuing of the qualification certificate and the credit certification subject to the provided in §§ 1062... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10635/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10635 - Pe... | The Executive Director may impose on any person who infringes any of the provisions of this chapter or the regulations promulgated hereunder, an administrative fine of not less than five thousand (5,000) dollars nor more than one hundred thousand (100,000) dollars for each infraction.
History —Oct. 4, 2001, No. 140, § ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-952/10636/ | 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 952 - Tax Credits for New Construction or Housing ... | 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 952 - Tax Credits for New Construction or Housing Rehabilitation (§§ 10621 — 10636) › § 10636 - Ad... | Every owner who is adversely affected or harmed by any action of the Executive Director denying a duly-filed application for the benefits of this chapter, or revoking and canceling a credit certificate pursuant to the provisions of this chapter, once the remedy provided in § 10632 of this title has been exhausted, shal... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10641/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | It shall be the public policy of the Government of Puerto Rico:
(1) To promote the adequate environment and opportunities for the development of the local industries.
(2) To offer an attractive tax proposal to high technology and high added value industries to attract direct foreign investments to be able to compete wi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10641a/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | In the evaluation, analysis, consideration, award, renegotiation, and revision of any incentive or benefit granted under this chapter, the Department of Economic Development and Commerce, the Industrial Tax Exemption Office, and the Director thereof shall be required to oversee and ensure compliance with the following ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10642/1/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | For the purposes of this chapter, the following terms, phrases and words shall have the meaning and scope stated hereinbelow:
(a) Industrial development income.—
(1) The net income derived from the operation of an eligible activity or service designated by a tax-exempt business that holds a decree granted under this ch... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10642/2/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | For purposes of this chapter, the following terms, phrases, and words shall have the meaning and scope stated herein below:
(a) Industrial development income.—
(1) The net income derived from the operation of an eligible activity or service designated by a tax-exempt business that holds a decree granted under this chap... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10643/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Fixed income tax rate. — Tax-exempt businesses that hold a decree under this chapter shall be subject to a fixed income tax rate on their net industrial development income during the entire corresponding period of exemption as provided for in this section, as of the date of starting operations, determined under § 1... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10644/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Deduction and carryover of net operating losses. —
(1) Deduction for current losses incurred in activities not covered by an exemption decree. — If a tax-exempt business that holds a decree granted under this chapter incurs a net loss on operations other than the operation which has been declared exempted under thi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10645/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Credit for purchasing products manufactured in Puerto Rico.—
(1) If a tax-exempt business that holds a decree granted under this chapter or under preceding tax incentives laws purchases products manufactured in Puerto Rico, including components and accessories, the same shall be entitled to take a credit against th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10646/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) For the purposes of this section, the following terms shall have the meaning stated below:
(1) Investor. — Shall mean any person who makes an eligible investment.
(2) Eligible investment. — For the purposes of this subsection, any of the following investments shall be deemed to be an eligible investment:
(A) The am... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10647/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In general. —
(1) The personal property of a tax-exempt business that holds a decree granted under this chapter, used in the development, organization, construction, establishment or operation of the activity covered under the decree, shall enjoy a ninety-percent (90%) exemption on municipal and Commonwealth taxes ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10648/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) The tax-exempt businesses that hold a decree granted under this chapter shall enjoy a sixty-percent (60%) exemption on municipal license fees, municipal excise taxes and other municipal taxes levied by any municipal ordinance, during the periods provided for in § 10650(b) of this title.
(b) The provisions of subsec... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10649/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In addition to any other exemption from excise taxes or from the sales and use tax granted under Subtitles B and BB, respectively, of the Puerto Rico Internal Revenue Code, a total exemption from said taxes shall be granted, during the exemption period provided in § 10650 of this title, the following articles direc... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10650/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Exemption.— A tax-exempt business that holds a decree issued under this chapter shall enjoy exemption from taxes for a period of fifteen (15) years. In the case of an exempt business described in § 10642(d)(1)(S) of this title, the exemption period shall be twenty (20) years, which may be extended for an additional... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10651/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In general. — The Secretary of the Department of Economic Development and Commerce of Puerto Rico, pursuant to the procedure established in subsection (b) of this section, shall classify the various regions or municipalities of Puerto Rico under one of the following industrial development zones:
(1) High Industrial... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10652/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In general.— The Industrial Tax Exemption Office shall be attached to the Department of Economic Development and Commerce. This Office shall be directed and administered by a Director, who shall be appointed by the Secretary of Development. The Director shall exercise the powers inherent to his/her office, appoint ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10653/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Regular procedure. —
(1) Applications for tax exemption. — Any person who has established or who intends to establish an eligible business in Puerto Rico may apply to the Secretary of Development for the benefits of this chapter by filing the corresponding application, duly sworn before the Tax Exemption Office.
At... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10654/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In general. — The tax exemption grants under this chapter shall be deemed to be a contract between the grantee, its stockholders, partners or owners, and the Government of Puerto Rico, and said contract shall govern both parties. Said contract shall be interpreted liberally, consistently with the purpose of this ch... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10655/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In general.— Each year, and independent from any other report required by law, the Secretary of Development shall submit a report, in consultation with the Secretary of the Treasury, the Director of the Tax Exemption Office, the Executive Director, and the Planning Board, to the Governor and the Legislative Assembl... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10656/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) General rule. — A succeeding business may avail itself of the provisions of this chapter, provided:
(1) The preceding tax-exempt business has not ceased operations for more than six (6) consecutive months before the succeeding business files the application for exemption, or during the exemption period of the succe... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10657/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) In general.— The Secretary of the Treasury shall establish a special fund, to be denominated “Special Economic Development Fund”, into which five percent (5%) of the amounts collected from the income tax paid by businesses exempted under this chapter or under preceding tax incentives laws in relation to industrial ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10658/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Any tax-exempt business that holds a decree granted under this chapter shall file with the Secretary of the Treasury an income tax return, regardless of the sum of their gross or net income, separate from any other return which they are for other reasons bound to file in connection with industry operations covered ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10659/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | The Secretary of Development shall prepare, in consultation with the Secretary of the Treasury and the Executive Director, those regulations as necessary to render the provisions and purposes of this chapter effective. The Secretary of the Treasury shall approve regulations, in consultation with the Secretary of Develo... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10660/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | No new applications for exemption decrees under §§ 10101 et seq. of this title, shall be received after the date of effectiveness of this act. The preceding notwithstanding, the decrees granted thereunder or under similar preceding laws may be amended pursuant to their respective provisions. The new applications for de... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-i/10661/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | The Puerto Rico Internal Revenue Code shall apply complimentarily with this chapter to the extent that its provisions do not contravene the provisions of this chapter.
History —May 28, 2008, No. 73, art. 1, § 21, eff. July 1, 2008. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-ii/10671/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | History —May 28, 2008, No. 73, art. 4, § 1, eff. July 1, 2008; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-ii/10672/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) It shall be the public policy of the Government of Puerto Rico to establish aggressive strategies to achieve efficiency in the generation, transmission and distribution of electric power, in order to ensure its availability and supply at a competitive cost.
(b) The Electric Power Authority is hereby directed, withi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-953/subchapter-ii/10673/ | 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 953 - Economic Incentives Act For The Development ... | 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 953 - Economic Incentives Act For The Development Of Puerto Rico (§§ 10641 — 10673) › Subchapter I... | (a) Tax-exempt businesses that hold a decree granted under this chapter, which establish an electric transmission and distribution system and an electricity feedback system with the Electric Power Authority through the installation of electric solar equipment, windmills, or any other source of renewable energy capable ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10691/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10691 - Definitions | For purposes of this chapter the following terms and phrases shall have the meaning stated below:
(a) Newly-built property.— Means:
(1) Any newly-built residential real property located in Puerto Rico, suitable for family living that has not been occupied and is acquired from a developer. In order for the real property... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10692/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10692 - Tax exemption applicable to... | (a) Granting of tax exemption.— The income earned by any eligible lessor from the leasing of a residential property shall be fully exempt from Puerto Rico’s income taxes, including the alternate basic tax and the minimum alternative tax provided in the Code. The tax exemption herein provided shall apply to the income e... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10693/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10693 - Special tax to any individu... | (a) Gain from the sale of qualified property effected after September 1, 2010, but on or before October 31, 2011.—
(1) The total net long-term capital gain generated from the sale effected after September 1, 2010, but on or before October 31, 2011, of a qualified property shall be fully exempt from Puerto Rico income t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10694/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10694 - Use of the losses from the ... | (a) Increase in the limitation of capital loss allowed against regular income.— In the case of a taxpayer other than a corporation or partnership, the limitation mentioned in Section 1121(d)(2) of the Code with respect to capital losses that may be used by the taxpayer against his/her regular income for a determined ta... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10695/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10695 - Exemption from real propert... | The acquirer of a newly-built property between September 1, 2010, and October 31, 2011, shall be fully exempt for a five (5)-year term from real property taxes imposed pursuant to the provisions of §§ 5001 et seq. of Title 21, and/or §§ 5951–5963 of Title 21, with respect to such property. Such exemption shall be for a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10696/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10696 - Exemption from special real... | The acquirer of a newly-built property between September 1, 2010 and October 31, 2011, shall be fully exempt from the special real property state tax imposed pursuant to the provisions of Act No. 7 of March 9, 2009, as amended, with respect to such property.
History —Sept. 2, 2010, No. 132, § 1.6; July 5, 2011, No. 115... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10697/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10697 - Exemption from the collecti... | All parties involved in the sale, effected after September 1, 2010, but on or before October 31, 2011, of a newly-built property shall be exempt from all kinds of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and their filing and recording in any public... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10698/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10698 - Rulemaking authority | The Secretary of the Treasury shall establish through regulations, circular letter, or administrative determination, the necessary guidelines for the implementation of the provisions of this chapter. The regulatory provisions amended or adopted pursuant to this chapter shall not be subject to the applicable provisions ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10699/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10699 - Public interest | This chapter and the program established herein constitute information of public interest. Therefore, the Department of the Housing, the Department of Economic Development and Commerce, the Department of the Treasury, the Department of Consumer Affairs, the Housing Financing Authority, the Tourism Company and any relat... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-954/10700/ | 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 954 - Real Property Market Stimulus Act (§§ 10691 ... | 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 954 - Real Property Market Stimulus Act (§§ 10691 — 10700) › § 10700 - Reports | The Secretary of the Treasury shall file with the Office of the Secretary of the Senate and the Office of the Clerk of the House on April 30th, 2011, March 31st, 2012, August 31st, 2011, and January 31st, 2013, a thorough report on the economic impact, including, but not limited to, the number of persons that have avai... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-955/10711/ | 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 955 - Act to Provide Tax Incentives for Investment... | 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 955 - Act to Provide Tax Incentives for Investments in Solid Waste Reduction, Disposal, and/or Tre... | The following words or terms, wherever used or referred to in this chapter, shall have the meaning stated hereinbelow, except where the context clearly indicates otherwise:
(a) Authority.— Shall mean the Puerto Rico Solid Waste Authority.
(b) Code.— Shall mean §§ 30011 et seq. of this title, known as the “Internal Reve... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-955/10712/ | 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 955 - Act to Provide Tax Incentives for Investment... | 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 955 - Act to Provide Tax Incentives for Investments in Solid Waste Reduction, Disposal, and/or Tre... | (a) Subject to the provisions of subsections (b), (c), and (e) of this section, any investor shall be entitled to a credit for investment in exempt facilities equal to fifty percent (50%) of the eligible investment to be applied in two (2) installments: half of said credit shall be used during the year in which the exe... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-955/10713/ | 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 955 - Act to Provide Tax Incentives for Investment... | 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 955 - Act to Provide Tax Incentives for Investments in Solid Waste Reduction, Disposal, and/or Tre... | The Solid Waste Authority and the Department of the Treasury are hereby directed to draft the regulations needed or to amend any regulations in effect for the implementation of this chapter.
History —July 27, 2011, No. 159, § 5. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-955/10714/ | 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 955 - Act to Provide Tax Incentives for Investment... | 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 955 - Act to Provide Tax Incentives for Investments in Solid Waste Reduction, Disposal, and/or Tre... | Notwithstanding the provisions of Act No. 7 of March 9, 2009, as amended, and § 30208 of this title, known as the “Internal Revenue Code for a New Puerto Rico”, the Department of the Treasury may grant up to the sum of thirty million dollars ($30,000,000) per fiscal year, plus any amount not adjudicated from the aggreg... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10721/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10721 - Definition... | For purposes of this chapter, the following terms and phrases shall have the meaning stated below:
(a) Newly-built property.— Means:
(1) Any newly-built residential real property located in Puerto Rico, suitable for family living that has not been occupied and is acquired from a developer. In order for the real propert... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10722/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10722 - Special ta... | (a) Gain from the sale of principal residence carried out after November 1st, 2011.—
(1) The total net long-term capital gain generated from a sale carried out after November 1st, 2011 of a principal residence shall be fully exempt from Puerto Rico's income taxes, including the alternate basic tax and the minimum alter... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10723/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10723 - Use of the... | (a) Increase in the limit of capital loss allowed against regular income.— In the case of a taxpayer other than a corporation or partnership, the limit mentioned in the Code with respect to capital losses that may be used by the taxpayer against his regular income for a specific tax year shall be five thousand dollars ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10724/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10724 - Property t... | (a) The buyer of a newly-built property between November 1, 2011 and June 30, 2013, shall be fully exempt for a five (5)-year term from real property taxes under §§ 5001 et seq. of Title 21, and/or Act No. 71-2009, with respect to such property. Such exemption shall be allowed for a term of five (5) years and shall app... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10725/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10725 - Exemption ... | (a) Newly-built properties.—
(1) All parties involved in the sale of a newly-built property, carried out after November 1, 2011, but on or before June 30, 2013, shall be exempt from all kinds of charges on account of internal revenue stamps and vouchers required by law for the execution of public documents and the fili... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10726/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10726 - Rulemaking... | The Secretary of the Treasury shall establish through regulations, circular letter, or administrative determination the necessary guidelines for the implementation of the provisions of this chapter. The regulatory provisions amended or adopted pursuant to this chapter shall not be subject to the applicable provisions o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10727/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10727 - Public int... | This chapter and the program established herein constitute information of public interest. Therefore, the Department of Housing, the Department of Economic Development and Commerce, the Department of the Treasury, the Department of Consumer Affairs, the Housing Financing Authority, the Tourism Company, and any related ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-956/10728/ | 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 956 - Transition of the Program Promotion of Housi... | 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 956 - Transition of the Program Promotion of Housing Act (§§ 10721 — 10728) › § 10728 - Reports | The Secretary of the Treasury shall file with the Office of the Secretary of the Senate and the Office of the Clerk of the House on March 31st, 2012, August 31st, 2012, and January 31st, 2013, a thorough report on the economic impact, including, but not limited to, the number of persons that have availed themselves of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10731/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | For purposes of this chapter, the following terms and phrases shall have the meaning stated hereinbelow:
(a) Newly-built property.— Means any newly-built residential real property located in Puerto Rico, suitable for family living, that has not been previously occupied and that is acquired from a developer, or in the a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10732/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | (a) Granting of tax exemption.— The income earned by any eligible lessor from the long- or short-term leasing of a residential property acquired pursuant to this chapter shall be fully exempt from Puerto Rico income taxes, including the alternate basic tax and the alternative minimum tax provided in the Code. The tax e... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10733/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | (a) The total net long-term capital gain generated from the sale of a newly-built property acquired by a qualified institutional investor as of November 1st, 2011, but on or before March 31st, 2013, provided that the same was optioned on or before December 31st, 2012, shall be exempt from the payment of income tax in P... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10734/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | Any qualified institutional investor that acquires a newly-built property between November 1st, 2011 and December 31st, 2012 shall be fully exempt for a five (5)-year term from real property taxes imposed in accordance with §§ 5001 et seq. of Title 21, and Act No. 7-2009, with respect to such property. The exemption sh... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10735/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | All the parties to a sale effected after November 1st, 2011, but on or before December 31st, 2012, of newly-built properties acquired by qualified investors, shall be exempt from the payment of all kinds of charges on account of internal revenues stamps and vouchers required by law for the execution of public documents... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10736/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | The Secretary of the Treasury, with the advice of the Director of the Housing Financing Authority, shall establish the necessary guidelines for the implementation of the provisions of this chapter through regulations, circular letter, or administrative determination. The regulatory provisions to be amended or adopted i... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10737/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | This chapter and the program established herein shall constitute information of public interest. Therefore, the Department of Housing, the Department of Economic Development and Commerce, the Department of the Treasury, the Department of Consumer Affairs, the Housing Financing Authority, the Tourism Company, and all th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-957/10738/ | 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 957 - New Housing Surplus Inventory Purchase and I... | 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 957 - New Housing Surplus Inventory Purchase and Investment Stimulus Act (§§ 10731 — 10738) › § 10... | The Secretary of the Treasury shall file with the Office of the Secretary of the Senate and the Office of the Clerk of the House a detailed report on economic impact, which shall include, but not be limited to the number of persons who have availed themselves of the benefits of this chapter, the number of units sold, a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10801/ | 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 981 - Tax Incentives for Communications, Theatre, ... | 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 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10801 - Def... | For the purposes of this chapter, the following terms and phrases shall have the meaning stated below:
(a) New programming. — Means all additional time transmitted by a television channel or radio station, and every play, program or artistic performance produced by a person which exceeds the total number of hours trans... |
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