P.R. Laws tit. 17, § 1045
2019-02-20 00:00:00+00
Gains made by the developer of new housing projects from the sale of housing units to the elderly or to persons with disabilities shall be exempt from the payment of income taxes, licenses fees, and construction excises, as well as from any other municipal levy or fee. Provided, That any claim of the exemptions authorized in this section shall be supported by attesting evidence of the sale in favor of an elderly person or a person with disabilities, as provided for such purposes by the Secretary of the Treasury, in consultation with the Secretary of the Department of Housing.
History —Aug. 29, 2000, No. 213, § 4, eff. 90 days after Aug. 29, 2000; Nov. 17, 2015, No. 187, § 65.