P.R. Laws tit. 23, § 7023
2019-02-20 00:00:00+00
All interest, surcharges and penalties on real property tax owed as of the date of the granting of the exemption granted under this chapter for eligible property with one (1) year or more without productive use shall be condoned for the period during which said property remained without productive use, if the eligible property is subject to new construction, substantial rehabilitation or improvements after the approval of this act and the designation of the Special Planning Zone in which it is located, within a term that shall not exceed five (5) years after the designation of such a zone.
History —Sept. 17, 2004, No. 385, § 5.