P.R. Laws tit. 13, § 10815
2019-02-20 00:00:00+00
All natural or juridical persons who operate as booksellers and devote thirty percent (30%) of the space in their bookstores to, or provide the public with, the exhibition or sale of books by Puerto Rican authors shall have an exemption of fifteen percent (15%) of the total income tax from the sale of books printed in Puerto Rico or books by Puerto Rican authors in their business premises for a period of ten (10) years as of the effective date of this act.
Booksellers shall submit to the Secretary of the Department of the Treasury all documents the latter requires through regulations to verify and/or certify that they have complied with the provisions of this chapter.
History —Sept. 29, 2004, No. 516, § 7.