P.R. Laws tit. 21, § 5063
Personal property in the possession of merchants, representatives, agents authorized to sell, persons who deal or do business on commission, and persons who have in their possession personal property belonging to others, subject to the payment of property taxes, shall be appraised in the municipality where said property is located under the name of its true owner, except that in those cases in which the true owner of said property is domiciled outside Puerto Rico and has no representation or office in Puerto Rico, said property shall be appraised in the name of the person or entity in possession of said property. Personal property shown to have entered Puerto Rico from outside Puerto Rico for the purpose of being manufactured or assembled or worked on in any other way, shall be exempt from payment of property taxes if it is shown that once it is manufactured or assembled in any way, it is sent outside Puerto Rico. The Collection Center is hereby authorized to return the taxes collected on the merchandise referred to in this section, pursuant to the laws in effect on the matter, although without discretion, as soon as it is shown that the aforesaid has been sent outside Puerto Rico, as provided above.
History —Aug. 30, 1991, No. 83, § 3.13.