P.R. Laws tit. 21, § 1096m
It is hereby determined and declared that the purposes for which the Corporation is created and for which the Corporation shall exercise its powers are public and for the general welfare of the Commonwealth of Puerto Rico and that the exercise of the powers and rights conferred under this chapter constitute the performance of essential government functions. Thus, the Corporation shall be exempted from the payment of all taxes, permits, excise taxes, tariffs, costs and fees imposed by the Commonwealth of Puerto Rico or its municipalities on the properties of the Corporation or those leased to the latter and on the revenues derived from any activity or enterprise of the Corporation, including, but not limited to, municipal license taxes imposed pursuant to §§ 651–652y of this title, known as the “Municipal License Tax Act”, the municipal taxes on construction imposed pursuant to §§ 4001 et seq. of this title, known as the “Autonomous Municipalities Act of the Commonwealth of Puerto Rico of 1991”. The Corporation shall also be exempted from the payment of any type of fees, internal revenue stamps and vouchers, costs or taxes required by law for conducting judicial processes, the issue of certifications in all offices and dependencies of the Commonwealth of Puerto Rico and the granting of public documents and their presentation and registration in any public registry of the Commonwealth of Puerto Rico.
History —Aug. 11, 2004, No. 209, § 4.01.