P.R. Laws tit. 15, § 2003
(a) Be of legal age.
(b) License issued by the Registry of Promoters.
(1) Every promoter shall pay an annual license fee in the amount of two hundred dollars ($200).
(2) In the case of new licenses, the required license fees shall be paid ratably to the number of months during which such license will be in effect according to the table shown below, including the month in which such activities begin. In those cases, the payment shall cover and be prorated for the period of months counted from the date of issue of the new license to the next license fee payment due date. Notwithstanding, the taxpayer may opt to make the payment corresponding to the next period of months counted from the date of issue of the license to the next due date, plus one additional year. In those cases in which the taxpayer exercises such payment option, the license shall be issued for the number of months covered by such payment.
The license fees payment due date shall be based on the last digit of the social security number or employer identification number of the taxpayer, as applicable, according to the following table:
fee payment is due
1 January
2 February
3 March
4 April
5 May
6 June
7 July
8 August
9 September
0 October
(3) Transitory provision. — The license fees established in this section with respect to new licenses requested before December 31, 2010, shall be paid for a full year and expire on such date. For subsequent years, taxpayers shall renew their internal revenue licenses during the corresponding month, as applicable, according to the table provided in paragraph (2).
Regarding the renewal period corresponding to 2010, all taxpayers shall be required to renew their internal revenue licenses not later than December 31. License renewals during December 2010 and payment of the applicable fees shall cover and be prorated for the period of months counted from January 2011 to the month preceding the next license fee payment due date, according to the table provided in paragraph (2) of this subsection (a). However, the taxpayer may opt to make a payment corresponding to the period of months counted from the date of issue of the license to the next due date, plus one additional year. In those cases in which the taxpayer exercises such payment option, the license shall be issued for the number of months covered by such payment.
(c) In the event that the promoter is not a resident of Puerto Rico, he/she shall comply with the provisions in subsections (a), (b), and (c) of § 2002 of this title. Should he/she have a resident agent in Puerto Rico, he/she shall state the name and the physical and postal address of said agent, along with his/her telephone and social security numbers.
(d) All promoters authorized by the registry to exercise their profession shall post a performance bond each time he/she promotes a public performance, to guarantee that the performance will be held and that tickets will not be sold in excess of the capacity of the locality in which the performance is to be held. The bond may be consigned through a bonding company with offices in Puerto Rico. The bond shall answer for the payment of refunds in the event the performance is suspended, and it shall not be for less than ten percent (10%) of the cost thereof.
(e) All promoters shall furnish copies of their public liability insurance policies, which shall respond for accidents suffered by spectators attending the performance and caused by property or personnel under the control of the promoter.
(f) A copy of the receipt from the Department of the Treasury on account of excise taxes paid for countersigning the tickets, a receipt of the [Department of the] Treasury bond guaranteeing the payment of income taxes for the performance and the tickets countersigned by the [Department of the] Treasury.
(g) A copy of a State Insurance Fund policy which shall respond for accidents suffered by persons employed by said promoter to carry out the production of the event.
(h) He/she shall comply with the provisions of §§ 3501 et seq. of Title 14, known as “General Corporations Law”.
(i) Be a member of the Puerto Rico College of Public Performance Promoters, or become associated to a member of said College.
History —Sept. 3, 1996, No. 182, § 4; Sept. 16, 2005, No. 113, § 11; Sept. 2, 2010, No. 133, § 14.