P.R. Laws tit. 3, § 9211
For purposes of the implementation and operation of the Interagency Validation Portal for the Granting of Incentives for the Economic Development of Puerto Rico, the following terms shall have the meaning stated below:
(a) Certifying-Issuing Agency.— Shall mean any agency, entity, or instrumentality of the Commonwealth of Puerto Rico, and any municipality, or public corporation that, through a certificate of compliance or any other document, by virtue of its Enabling Act or other special law, validates that a natural or juridical person meets the requirements to obtain a tax incentive or benefit requested or granted to promote an incentivized activity.
Without it being construed as a limitation to other entities that comply with the definition established herein, for purposes of the Portal, the following shall be considered Certifying-Issuing agencies: the Department of Economic Development and Commerce and the Industrial Tax Exemption Office thereof; the Puerto Rico Trade and Export Company; the Industrial Development Company; the Department of Housing; the Department of Agriculture of Puerto Rico; the Milk Industry Regulation Administrator; the Department of the Treasury; the Department of Natural and Environmental Resources; the Department of Health; the Puerto Rico Tourism Company; the Department of State; the Office of the Commissioner of Financial Institutions; the Ports Authority of Puerto Rico; the Institute of Puerto Rican Culture; the Planning Board of Puerto Rico; the Environmental Quality Board; the Commonwealth Energy Public Policy Office; and the Puerto Rico General Council on Education.
The Conservation Trust of Puerto Rico shall be considered a Certifying-Issuing Agency for purposes of the Portal and, therefore, shall be required to comply with these provisions.
(b) Grantor-Recipient Agency.— Shall mean any agency, entity, or instrumentality of the Commonwealth of Puerto Rico, and any municipality or public corporation that by virtue of its Enabling Act, or any other special law, is the recipient of a certificate of compliance in effect, and is responsible for granting any type of tax incentive or benefit to a natural or juridical person that meets the appropriate requirements.
Without it being construed as a limitation to other entities that comply with the definition established herein, for purposes of the Portal the following shall be considered Grantor-Recipient agencies: the Department of the Treasury; the Municipal Revenues Collection Center and the municipalities.
(c) Certificate of Compliance.— Shall mean the document undersigned by the Certifying-Issuing Agency validating that the natural or juridical person that requests, amends, or wishes to maintain a tax incentive or benefit meets the requirements of this chapter and complies with all the provisions of the statute by virtue of which the aforementioned tax privilege is granted.
(d) Tax incentive or benefit.— Shall mean the tax decree, exemption, deduction, credit, reduction, incentive, or benefit of any kind granted by a Grantor-Recipient Agency through any of the laws mentioned in § 9212 of this title, for the purpose of promoting a certain activity.
(e) Natural or juridical person.— Shall mean the individual or entity that requests, amends, or wishes to maintain a tax incentive or benefit.
(f) Portal.— Shall mean the Interagency Validation Portal for the Granting of Incentives for the Economic Development of Puerto Rico.
History —Nov. 17, 2015, No. 187, § 3.