P.R. Laws tit. 12, § 1320p
(a) A Financial Incentives Program is hereby created to promote the development of recycling activities in the Commonwealth of Puerto Rico.
(1) Differential fees.— It is hereby established that the rates to be charged for services for the collection, transportation, processing and storage of recyclable material shall be lower per ton of solid waste, than the rates to be charged for services related to other methods of waste management and disposal.
(2) The Economic Development Administration shall seek tax incentives to promote the establishing of recycling facilities or industries that use recyclable or recycled material in the manufacture of their products, pursuant to §§ 10038 et seq. of Title 13. To encourage the establishment of these industries, the agency shall evaluate and promote the development of tax incentives in addition to those already provided by said chapter.
(3) The Government Development Bank and the Development Bank shall provide financing for the construction of recycling facilities and the acquisition of related machinery and equipment.
(4) Special incentives for recycling activities.— In addition to the tax incentives provided by §§ 10038 et seq. of Title 13, for businesses exempted under subsection § 10039(e)(24) of Title 13, that are replacing activities and/or services previously provided by the Government of Puerto Rico or any agency or municipality or public dependency, the payment of part of the salaries and fringe benefits of the employees of the exempt business by the government or the agency or municipality or public instrumentality in question can be authorized, based on the percentage of public employees that are going to be retained by the exempt business according to the following table:
The amount to be paid shall not be greater than what was budgeted for such purposes by the Government, agency or public instrumentality.
Percentage of Public Employees Retained 100% 90% 80% 70% 60% 50% First Year Incentives 60% 50% 45% 40% 35% 30% Second Year Incentives 50% 40% 35% 35% 30% 25% Third Year Incentives 30% 30% 30% 30% 25% 20% Fourth Year Incentives 15% 15% 15% 15% 15% 15% Fifth Year Incentives 10% 10% 10% 10% 5% 0%
History —Sept. 18, 1992, No. 70, § 18, renumbered as § 20 by § 13 and amended by § 16 on Jan. 20, 1995, No. 13.