P.R. Laws tit. 23, § 576a
2019-02-20 00:00:00+00
The tax base of the investment made in a film entity shall be determined pursuant to the provisions of §§ 8006 et seq. of Title 13, except that said base shall be reduced dollar-per-dollar by the amount of the tax credits that the investor is empowered to use or assign, regardless of the time it is claimed or the tax credit is ceded, but never at less than zero.
History —Dec. 24, 1999, No. 362, § 21.