P.R. Laws tit. 13, § 10022
No applications for tax exemption under §§ 10001—10011 of this title, shall be received after the effective date of this act. Applications for tax exemption filed before or after January 1, 1963, under §§ 10001—10011 of this title, which have not been granted before the effective date of this act, may be processed, at the option of the applicant, under this chapter. Provided, That such applications for tax exemption as were filed before January 1, 1963, under §§ 10001—10011 of this title, and granted pursuant to said §§ 10001—10011 of this title, after the effective date of this act, without the applicant having been given the opportunity to choose that his application be processed under this chapter, may be converted to this chapter under the provisions of § 10018(a) of this title. Applications for tax exemption filed before January 1, 1963, and granted before or after January 1, 1963, but prior to the effective date of this act, may be converted to this chapter under the provisions of § 10018(a) of this title, at the option of the exempted business, if the date of the commencement of operations of the exempted business, as may be determined under §§ 10001—10011 of this title is on or subsequent to January 1, 1963. Those applications for tax exemption filed on or after January 1, 1963, under §§ 10001—10011 of this title, and which have been granted under said §§ 10001—10011 of this title, before the taking effect of this act, may be converted to this chapter under the provisions of § 10018(a) of this title.
History —June 13, 1963, No. 57, p. 86, § 10; June 26, 1964, No. 99, p. 313, § 4.