P.R. Laws tit. 13, § 10410

2019-02-20 00:00:00+00

§ 10410. Elimination of the tax credit for investment in agricultural businesses

The tax credits for investments in agricultural businesses described in § 10409 of this title, shall no longer be granted as of the date of approval of this act. Any endorsement issued by the Secretary of Agriculture with respect to an investment that had generated tax credits corresponding to the year 2004—2005 or any subsequent year, shall be evaluated and considered by the Farming and Animal Husbandry Service and Development Administration (A.S.D.A., Spanish acronym) through the Development Committee, appointed by the Secretary of Agriculture, for the granting of the incentives described in the appropriations note under this section.

History —Dec. 1, 1995, No. 225, added as § 15 on May 21, 2004, No. 118, § 1.