P.R. Laws tit. 21, § 5164
2019-02-20 00:00:00+00
For the purpose of stimulating the improvement of their quality, those products whose quality the Secretary of the Treasury recognizes will improve with aging, pursuant to the provisions of §§ 564 et seq. of Title 13, are hereby exempted from payment of all property taxes for every fiscal year subsequent to the first fiscal year in which they were stored for aging.
Provided, That in order to grant said exemption the Secretary of the Treasury must submit to the Collection Center the corresponding administrative resolutions issued to that effect.
History —Aug. 30, 1991, No. 83, § 5.14.