P.R. Laws tit. 13, § 33361
(a) Regulations in effect pursuant to the Puerto Rico Internal Revenue Code of 1994, the Income Tax Act of 1954, the Excise Tax Act of the Commonwealth of Puerto Rico of 1987, the Puerto Rico Estate and Gift Tax Act or the Alcoholic Beverages Act of Puerto Rico. —
(1) All regulations adopted by virtue of the Puerto Rico Internal Revenue Code of 1994, the Income Tax Act of 1954, the Excise Tax Act of the Commonwealth of Puerto Rico of 1987, the Puerto Rico Estate and Gift Tax Act, or the Alcoholic Beverages Act of Puerto Rico, shall remain in full force and effect until regulations are issued pursuant to the provisions of this Code, provided, that such regulations correspond to provisions of this Code that are identical to the corresponding provisions in such laws.
(b) Code provisions corresponding to preceding tax laws. —
(1) Reference to law applicable at a preceding time. — Any Code provision that makes reference to the application of any Code provision at a preceding time (or which depends on the application at a preceding time of any Code provision) shall be understood, whenever appropriate and consistent with the purposes of such provision, to refer to (or that it depends on the application in) the corresponding provision of the Puerto Rico Internal Revenue Code of 1994, the Income Tax Act of 1954, the Excise Tax Act of the Commonwealth of Puerto Rico of 1987, the Puerto Rico Estate and Gift Tax Act, or the Alcoholic Beverages Act of Puerto Rico, or any other tax law in effect at a preceding time.
(2) Selections. — Selections made in taxable years starting before January 1, 2011, pursuant to the provisions of the Puerto Rico Internal Revenue Code of 1994, which correspond to sections in this Code, shall remain in effect during taxable years beginning after December 31, 2010, provided, that the taxpayer meets the eligibility requirements of this Code.
History —Jan. 31, 2011, No. 1, § 6091.01, retroactive to Jan. 1, 2011.