P.R. Laws tit. 21, § 4811
The projects, assets and any property of the special corporations, as well as the income, revenue and profits it receives, shall be exempted from all taxes, permits, rates and municipal license fees, imposed by municipalities or by the Commonwealth of Puerto Rico. All financial obligations plus interest issued by special corporations shall be exempted from any Commonwealth of Puerto Rico tax.
Nothing in the above paragraph should be interpreted as exempting any private natural or juridical person who develops or carries out an activity, project or undertaking jointly with the corporation, from taxes, assessments, license fees, excise taxes, municipal license fees and duties.
History —Aug. 30, 1991, No. 81, § 17.010 bis, renumbered as § 17.011 on Apr. 13, 1995, No. 36, § 56.