P.R. Laws tit. 21, § 651j
All persons subject to the payment of the license tax imposed by §§ 651–652y of this title shall pay to the official tax collectors of the municipalities in which their businesses or industries are located, the license tax authorized to be levied by §§ 651–652y of this title. Said license tax shall be paid in advance within the first fifteen (15) days of each semester of the fiscal year on the basis of the volume of business conducted during the immediately preceding year, as provided in § 651f of this title, except in the cases of new industries or businesses in which it shall be paid as provided in § 651 l of this title.
When the full payment is made at the time the income tax return is filed, as provided in subsection (a)(1) of § 651i of this title, a five percent (5%) on the total amount of the municipal license tax to be paid discount shall be granted. No municipal license tax shall be charged to any business or industry in any semester subsequent to that in which they have ceased to operate. The municipal license taxes shall become due semiannually on July 1 and January 2 of each year.
History —July 10, 1974, No. 113, Part 1, p. 371, § 11; Nov. 14, 1974, No. 4, Part 2, p. 718, § 1; Aug. 30, 1991, No. 82, § 7; Nov. 17, 1992, No. 93, § 6; Aug. 23, 1997, No. 101, § 2.