P.R. Laws tit. 12, § 416
2019-02-20 00:00:00+00
The public policy of the Government of the Commonwealth of Puerto Rico shall henceforth be the following:
(a) To stimulate the development of renewable energy and exploit clean and inextinguishable energy sources.
(b) To ensure property tax exemption of equipment for the capture, accumulation, generation, distribution and application of renewable energy for local commercial, industrial or domestic use.
(c) To promote fiscal incentives such as deductions and/or credits for the development, manufacture and marketing of renewable energy equipment.
History —Sept. 16, 2004, No. 325, § 2.