P.R. Laws tit. 18, § 913e
The funds needed to subsidize the educational benefits granted by the Educational Foundation shall proceed from donations from individuals or private institutions. The Educational Foundation may withhold from two [percent] (2%) to five percent (5%) for its operating expenses. Any public or private employee may voluntarily authorize a deduction from his/her salary to donate it to the Education Foundation. To such ends, he/she shall fill out and submit a salary deduction authorization form in the original and a copy to the personnel unit, division or department of their respective agency or private employer, which shall specify under his/her signature the amount he/she wishes to donate, from a minimum of fifty dollars ($50) to a maximum of two hundred and fifty dollars ($250). The agency or private employer for which the employee renders services shall be responsible for remitting a copy of the salary deduction authorization form submitted by the employee to the Educational Foundation.
The amount deducted from the employee’s salary to make the donation thus authorized shall be clearly indicated on the payroll of the agency or private employer for which the employee works and on the voucher or checkstub handed to the employee.
Every natural or juridical person, whether a corporation or a partnership, shall be entitled to claim the tax credit mentioned above for any donation made on that day to the Educational Foundation Scholarship program, even on the same day of the month of April determined by the Secretary of the Treasury to file the income tax return.
History —July 19, 1995, No, 80, § 6; Mar. 14, 1996, No. 13, § 1.