P.R. Laws tit. 13, § 10406
All real and personal property, including land, buildings, equipment, accessories and vehicles owned, leased, or held in usufruct by bona fide farmers, and used intensively in the agricultural business, shall be exempted from the payment of all types of property taxes and levies corresponding to January 1, 1996, and the taxable years commencing after that date. In order to be entitled to the personal property tax exemption, the applicant shall provide evidence to the Municipal Revenue Collection Center (CRIM, Spanish acronym), that he/she has complied with his/her obligations regarding the personal property taxes for the four (4) years preceding the request for such exemption.
New farmers and agricultural entrepreneurs shall be subject to the provisions of § 10404a of this title.
History —Dec. 1, 1995, No. 225, § 7, renumbered as § 8 by § 3 and amended on Apr. 30, 1996, No. 35, § 6.