P.R. Laws tit. 12, § 785i
2019-02-20 00:00:00+00
The conservation easement shall be constituted in perpetuity. The deeds of conservation easements and gifts shall not contain a provision establishing as a condition therefor that an evaluation process for the granting of a tax credit, or that the granting of said credit shall be completed within a period of less than two (2) years. However, when a conservation easement is constituted for a specific term pursuant to the provisions of the Civil Code, the land owner shall not be entitled to the tax benefits herein provided, and the donation shall not be deemed to be unlawful for purposes of § 2373 of Title 31.
History —Dec. 27, 2001, No. 183, § 12; Nov. 17, 2015, No. 187, § 75, eff. Jan. 1, 2016.