P.R. Laws tit. 12, § 785h
The conservation easement shall be constituted in a public deed with pertinent registration in the Property Registry. The Department of Natural and Environmental Resources, the Conservation Trust of Puerto Rico, the Department of Agriculture, and the Institute of Puerto Rican Culture shall be required to file the deeds in question with the Property Registry. They may request the donors to pay a reasonable fee for the processing of said donation, and may establish the amount thereof through regulations. Proof of the filing of the public deed with the Registry shall be submitted to the Department of the Treasury for the natural or juridical person that constituted the conservation easement or made the gift to be considered for a tax credit as established in this chapter.
The Property Registrar shall have three (3) months as of the date of the filing to qualify the public deeds filed pursuant to this chapter. The Property Registrar shall notify his determination on or before the date on which the qualification term expires.
The registration or release of the conservation easement shall be exempt from the payment of taxes.
History —Dec. 27, 2001, No. 183, § 11; Nov. 17, 2015, No. 187, § 74, eff. Jan. 1, 2016.