Statutes, codes, and regulations
Laws of Puerto Rico
TITLE THIRTEEN Taxation and FinanceSubtitle 1 Governmental Finances
Chapter 3. Government Bonds
§ 40. Redemption or purchase of government bonds from available surpluses—Principal and interest, form and place of payment; tax exemption

P.R. Laws tit. 13, § 40

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2019-02-20 00:00:00+00
§ 40. Redemption or purchase of government bonds from available surpluses—Principal and interest, form and place of payment; tax exemption

Both the principal and the interest earned by the bonds or certificates of indebtedness issued by the Secretary of the Treasury of Puerto Rico in accordance with the provisions of §§ 35—43 of this title shall be paid in currency of the United States of America, at the place that the Secretary of the Treasury of Puerto Rico may have previously designated, and they shall be exempt from the payment of all kinds of taxes, including income taxes.

History —Dec. 7, 1942, No. 33, p. 174, § 6, eff. 90 days after Dec. 7, 1942.