P.R. Laws tit. 23, § 2913
(a) It is hereby resolved and declared that the purposes for which the Authority is created and for which it shall exercise its powers are to promote the general welfare and to encourage commerce and prosperity, all these being public ends for the benefit of the People of Puerto Rico; and therefore, the Authority shall be exempt from the payment of any taxes, license taxes, fees, licenses, or excise taxes imposed by the Commonwealth of Puerto Rico or its municipalities on any of the properties acquired by it or under its faculty, dominion, or possession, or on its activities in the construction, exploitation, and conservation of any property; or on the revenues derived from any of its activities.
(b) The Authority shall also be exempt from the payment of any kind of fees, charges, and taxes required or which may be required by the laws for the processing of judicial proceedings, the issue of certificates by all offices and dependencies of the Commonwealth of Puerto Rico, and for the execution of public documents and their registration at any public registry of Puerto Rico.
(c) In order to expedite the procurement of funds for the Authority and thus enable it to achieve its corporate purposes, the bonds issued by the Authority under this chapter, their transfer and the income derived therefrom, including any profits obtained from their sale, shall be and shall remain at all times exempt from income taxes, license taxes, or fees imposed by the Commonwealth of Puerto Rico or any of its municipalities.
History —Aug. 11, 2002, No. 171, § 14.