P.R. Laws tit. 13, § 2272m
(a) When a taxpayer does not comply with its obligation to pay the tax, any debt, deficiency or any interest, fine, charge or penalty levied by the Company, during three (3) or more times (not necessarily consecutive) during the same fiscal year, the Company may suspend and/or revoke the taxpayer’s benefits granted under §§ 6001—6038 of Title 23. It may also suspend or revoke any other tax and/or promotional benefit granted by the Company.
(b) Those taxpayers to whom subsection (a) is applicable shall be granted and guaranteed due process pursuant to the provisions of this chapter.
(c) Once the debt has been satisfied, the taxpayer to whom the tax benefits were revoked may initiate the process indicated in §§ 6001—6038 of Title 23, to request and enjoy tax benefits. The request will be processed pursuant to the procedures established by §§ 6001—6038 of Title 23, for the processing of new petitions. The Company shall have full discretion in the evaluation of said petition.
(d) When the tax benefits have been suspended for lack of payment of the tax, the ten (10) year term renewable for an additional ten (10) year term provided by §§ 6001—6038 of Title 23, shall be understood to continue during the suspension term. The Company shall establish by regulation approved to such effect, the provisions that regulate the revocation or suspension of the tax benefits.
History —Sept. 9, 2003, No. 272, § 49, eff. 180 days after Sept. 9, 2003.