P.R. Laws tit. 25, § 3051l
(a) It is hereby resolved and declared that the purpose for which the Authority is created and for which it shall exercise its powers is to promote the general welfare and foster commerce and prosperity, these being public ends to benefit the People of Puerto Rico. The Authority shall therefore be exempted from the payment of any income tax imposed by the Commonwealth of Puerto Rico or its municipalities on any of the properties acquired by it and under its power, dominion or possession, or on its activities for the construction, exploitation and conservation of any property or on the revenues derived from any of its activities.
(b) The Authority shall also be exempted from the payment of any type of fees, surtaxes and taxes required or that may be required by the laws for transacting judicial proceedings, for the issue of certifications from all offices and dependencies of the Commonwealth of Puerto Rico and for granting public documents and registering the same in any public register or registry in Puerto Rico.
(c) For the purpose of enabling the Authority to obtain the funds that will allow it to achieve its corporate purposes, the bonds issued by the Authority under this chapter, their transfer and the income that may be obtained therefrom, including any profits obtained from the sale of said bonds, shall be and shall remain at all times exempted from the payment of the income tax imposed by the Commonwealth of Puerto Rico or any of its municipalities.
History —Sept. 29, 2004, No. 508, § 14.