Statutes, codes, and regulations
Laws of Puerto Rico
TITLE THIRTEEN Taxation and FinanceSubtitle 17 Internal Revenue Code of 2011PART III. Decedent’s Estate and GiftsChapter 1024. Gift Tax
Subchapter B. The Term “Gift”
§ 31105. Deduction of gifts made for public, charitable, and religious purposes

P.R. Laws tit. 13, § 31105

Download
PDF
2019-02-20 00:00:00+00
§ 31105. Deduction of gifts made for public, charitable, and religious purposes

(a) Puerto Rico Residents. — When computing the value of taxable gifts for the calendar year, a deduction shall be allowed to donors who are Puerto Rico residents, on all gifts made during said calendar year to or for the use of any of the entities or organizations mentioned in § 31035 of this title and subject to the rules and limitations established thereunder.

(b) Puerto Rico nonresidents. — When computing the value of taxable gifts for the calendar year, a deduction shall be allowed to donors who are Puerto Rico nonresidents, on all gifts made during said calendar year to or for the use of any of the entities or organizations mentioned in § 31066(a)(2) of this title and subject to the rules and limitations established thereunder.

History —Jan. 31, 2011, No. 1, § 2042.15, retroactive to Jan. 1, 2011.