P.R. Laws tit. 3, § 9214
The Interagency Validation Portal for the Granting of Incentives for the Economic Development of Puerto Rico, hereinafter the Portal, is hereby created to be attached to and under the supervision and administration of the Puerto Rico Institute of Statistics, as a digital information system containing every Certificate of Compliance issued by the Certifying-Issuing Agencies to natural and juridical persons that apply for and receive tax privileges as provided in §§ 9211 and 9212 of this title.
The Portal shall be the minimum method used by Grantor-Recipient Agencies to ascertain compliance by natural or juridical persons with the appropriate incentive laws and to grant the tax incentive or benefit in question.
The Portal shall be a swift, reliable, and updated mechanism which shall allow for the effective communication between the different agencies, whether they are Certifying-Issuing Agencies or Grantor-Recipient Agencies in order to process, oversee, validate, and grant tax incentives or benefits that promote the economic development of Puerto Rico. If the contracting of private companies is necessary for the creation and administration of the Portal, the entity or entities shall have the necessary resources, either individually or collectively, to implement the Portal as well as extensive experience working with state and municipal databases.
The Puerto Rico Institute of Statistics shall prescribe by regulations all that pertains to the operation of the Portal and the information to be required therefor.
History —Nov. 17, 2015, No. 187, § 6.