P.R. Laws tit. 13, § 181
The Secretary of Treasury may accept, in addition to or in substitution of the legal coin of the United States of North America, any real or personal property that the taxpayer voluntarily offers as partial or total payment of estate taxes, pursuant to the terms, conditions and criteria established hereinbelow, and any others imposed by the Secretary of the Treasury through regulations:
(a) It shall be required, according to an investigation carried out by persons designated by the Secretary of the Treasury, that the taxpayer does not have sufficient cash to pay tax liability which has been imposed pursuant to the Estate and Gift Tax Act of Puerto Rico;
(b) they shall be certified by the Institute of Puerto Rican Culture as being of important value and of historical significance, to be considered as cultural patrimony of the People of Puerto Rico, or
(c) they shall be declared of public use by the Government of Puerto Rico or any government entity empowered by law to expropriate, and are in the process of expropriation or are in future plans to be expropriated for the exclusive purpose of public use, or which through lease, usufruct or use are in possession of the Government of Puerto Rico or of any of its instrumentalities devoted to purposes of public use.
The properties declared of public use in this subsection shall be those set aside by the Government of Puerto Rico or any of its entities for health services, such as public hospitals, rest or convalescent homes and complementary facilities to said hospitals and rest or convalescent homes, such as nurses residences, cafeterias, laundry services, physical and vocational rehabilitation centers; for public schools and physical facilities complementary to education, such as libraries, bookstores, student and faculty residences and multiple services centers such as those used for cafeterias, meetings, recreation, school lunchrooms and storage for the aforementioned purposes.
History —July 20, 1979, No. 158, p. 404, § 1.