P.R. Laws tit. 23, § 671o
It is hereby resolved and declared that the purposes for which the company and the activities developed by the company and its subsidiaries, are for public purposes and activities in benefit of the Commonwealth of Puerto Rico in general. Therefore, the properties and activities of the company and any subsidiary organized and controlled by the latter, in accordance with the provisions of this chapter, shall be exempt from the payment of any duties, tariffs or levies, whether state or municipal, as well as from any tax.
The company and any subsidiary corporation organized and controlled by the latter shall also be exempt from the payment of fees for the continuance of judicial proceedings, the issuance of certificates in all the offices of the Commonwealth, and the execution and registration of any public document in any public registry.
History —June 18, 1970, No. 10, p. 413, § 16; Dec. 16, 2009, No. 170, § 5.