P.R. Laws tit. 23, § 5205
2019-02-20 00:00:00+00
All interest, surcharges and penalties for taxes owed on real property on the date the exemption provided in this chapter for eligible properties that have not been used productively for one (1) or more years is granted, shall be waived for the period corresponding to the time during which the same was not used productively, if the eligible property is subject to new construction, substantial rehabilitation or improvement after the approval of this act and the designation of the Special Planning Zone in which it is located, and within a term that shall not exceed fifteen (15) years after the designation of said Zone.
History —Mar. 15, 1996, No. 14, § 7; Aug. 10, 2009, No. 65, § 2.