P.R. Laws tit. 21, § 5081
The real property belonging to institutions, corporations and companies incorporated pursuant to the laws of Puerto Rico, and all shares in said property and corporations, and joint stock companies not incorporated in Puerto Rico but engaged in the transaction of business in the Commonwealth, shall be appraised for taxable purposes in the appraisal district in which said real assets are located. Whenever the president, director or other head of any of these institutions, corporations or companies is thus notified, he/she shall provide for the appraiser of the district in which said corporation or company has or owns any real properties, or any shares in properties of this type, a list or true valuation of such real property or of the shares it has in such assets, and said list and valuation shall be accompanied by the sworn statement of said president, director or other head, which shall be the same as the oath or affirmance prescribed by § 5070 of this title; thus attesting that the list and appraisal in question is true and complete and that it includes completely and equitably all real properties and all shares in real property he/she owns in said appraisal district, or which the aforesaid institution, corporation or company holds or owns. The appraiser shall valuate said property or shares therein, and send duplicate certificates of the aforesaid appraisal to the Collection Center and to said president, director or any other person who heads that institution, corporation or company. If the appraisal made by the president, director or other head has been increased by the appraiser, it shall have the right to review, which is presently granted to private individuals before the Court of First Instance.
The assessment made as of the first of January of the external plant used for line telecommunication services and personal cellular telephone telecommunication services, including but not limited to, the poles, aerial and underground telecommunication lines, towers, antennas and the central offices used for line telecommunication services and personal cellular telephone telecommunication services as well as public telephones and any other real property related to line telecommunication services and personal cellular telephone telecommunication services which, although located in Puerto Rico, the municipality where they are located cannot be identified, and that are owned by any person who operates or provides any line telecommunication services and personal cellular telephone telecommunication services in Puerto Rico, shall be distributed among the municipalities in the same proportion that as of that date:
(a) The total number of voice channels installed in each municipality, maintains in relation to;
(b) The total number of voice channels installed in all the municipalities.
The assessment made as of the first of January of the external plant used for personal beeper telecommunication services and the central offices used to provide such services in Puerto Rico, as well as any other real property related thereto, which although located in Puerto Rico, the municipality where they are located cannot be identified, and that are owned by any person who operates or provides any personal beeper telecommunication services in Puerto Rico, shall be distributed among the municipalities in the same proportion that as of that date:
(a) The total number of personal beeper telecommunication frequencies that said person has installed in each municipality maintains in relation to;
(b) the total number of personal beeper telecommunication frequencies that said person has installed in all the municipalities.
History —Aug. 30, 1991, No. 83, § 3.31; June 24, 1998, No. 95, § 7.